Leighton Asia wins £220m Hong Kong Airport works

expat network

Leighton Asia wins £220m Hong Kong Airport works

CIMIC Group company, Leighton Asia, with joint venture partner Chun Wo Construction and Engineering Company Limited (‘Chun Wo’), has been selected by the Airport Authority Hong Kong to construct the A$390 million Terminal 2 (T2) foundation and substructure works at Hong Kong International Airport.

Revenue to Leighton Asia, which is part of CIMIC Group construction company CPB Contractors, is approximately A$273 million, reflecting Leighton Asia’s leading 70% joint venture share. Construction is scheduled to commence in late 2017 and be completed by December 2021. CIMIC Group Chief Executive Officer Adolfo Valderas said: “We are pleased to play a greater role in the development of one of the world’s fastest growing airports, following our selection this year to deliver the A$278 million Terminal 1 expansion for the Airport Authority Hong Kong.

“CIMIC and Leighton Asia’s engineering capabilities, and track record of successfully providing certainty for clients within complex aviation works programs, position us strongly for projects such as those at Hong Kong International Airport.” CPB Contractors and Leighton Asia Managing Director Juan Santamaria said: “This award is a continuation of our strong working relationship with the Airport Authority Hong Kong, to deliver world-class assets of long-term value.

“Our team is committed to utilising innovative and cost-effective construction solutions to achieve the project’s planned operational, economic and social benefits.” Leading the joint venture, Leighton Asia will deliver the foundations for the modified T2, two annex buildings and associated viaducts, construction of the T2 basement, south annex building structures, diaphragm walls, utility services and other advance works

CIMIC Group Limited (ASX: CIM) is a world-leading infrastructure, mining, services and public private partnerships group. We have businesses in construction (CPB Contractors and Leighton Asia), mining and mineral processing (Thiess and Sedgman), operation and maintenance services (UGL), public private partnerships (Pacific Partnerships) and engineering (EIC Activities).

Source: www.leightonasia.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.