Balfour Beatty JV wins £370m contract in Hong Kong

expat network

Balfour Beatty JV wins £370m contract in Hong Kong

Balfour Beatty, the international infrastructure group, has announced that a subsidiary of its 50:50 Far East joint venture, Gammon Construction, has been awarded a c.HK$4bn (c.£370m) construction contract for a large scale residential development, ‘Lohas Park Package 9’, by Wheelock and Company Limited.

The development, located at Tseung Kwan O bay in the Sai Kung District, New Territories, Hong Kong, will include the construction of three 54-56 storey high residential towers on a five-level podium, which will provide a development spanning over one million sq.ft.

Thomas Ho, Chief Executive of Gammon said, “This is the fourth project Gammon will be delivering for Wheelock and Company Limited in the Tseung Kwan O bay area. Gammon’s technical competence and its expertise in high quality developments have enabled us to secure this prestigious contract.”

To ensure safe and efficient project delivery, Gammon will employ the latest BIM and 3D scanning technologies. The concept of Design for Manufacturing and Assembly (DfMA) will be introduced during the course of construction to enhance productivity and safety performance. The project is targeting achievement of ’HK BEAM Plus Standards’ a standard which requires a reduction in the environmental impact of the development and an improvement in environmental quality and end-user satisfaction.

Scheduled to commence this Spring, the development is scheduled for completion in 2021. A workforce of 1,500 will be engaged at construction peak.

About Gammon Construction

Gammon’s current project portfolio includes; Plantation Road a HKD $800 million (c. £79m) deluxe residential development project in Hong Kong, the HK$3bn development of eight medium rise residential blocks and four houses with a two-level basement overlooking Tai Po’s Tolo Harbour in Northern Hong Kong, on behalf of Great Eagle Group. The HK$1.6bn Lee Garden Three Project, in the heart of Causeway Bay, Hong Kong, a building with 20 floors of offices sitting above a five-level podium of retail and food outlets and a S$174m contract for the design and construction of the Mayflower Station on the Thomson Line for the Land Transport Authority.

Source: www.balfourbeatty.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.