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Hochtief JV wins HK metro contract

JV led by Leighton Asia, a Hochtief subsidiary  has bagged an AU$929m (£504m) contract with Hong Kong’s MTR Corporation for work on the Shatin to Central Link.

Leighton Asia has a 51% share in the joint venture with China State Construction Engineering (Hong Kong).

Leighton Holdings executive chairman and chief executive officer Marcelino Fernández Verdes said: “Securing the largest civil works contract within this project is an excellent achievement and is reflective of Leighton’s experience in delivering transport projects of this size in busy urban areas.

“Demand from growing populations and the need to address infrastructure deficits are resulting in continued growth in infrastructure investment in Asia. In addition to this project, Hong Kong‘s government announced plans last year to further expand its mass transit network in coming years. Leighton Asia is positioned to be a strong contender for future work.”

Leighton Asia managing director Manuel Alvarez Munoz said: “Leighton has developed a strong working relationship with both our JV partner China State and with MTR Corporation. These relationships will contribute to the successful delivery of this high profile project.”

The work, which will begin this month, involves the construction of an underground station (Exhibition Station) and 300m of cut-and-cover tunnel along Convention Avenue (Western Approach Tunnel). The station will serve Hong Kong‘s Convention Centre and the North Wanchai area, completing the new railway link connecting New Territories and north Hong Kong.


Source:  The Construction Index

More info: http://tinyurl.com/oo5kgcy