Thursday, November 30, 2017

Cimic unit wins $295m Hong Kong airport works

Leighton Asia, a unit of the global infrastructure company Cimic Group, has won the contract the A$390 million ($295 million) Terminal 2 (T2) foundation and substructure works at Hong Kong International Airport.

The Airport Authority Hong Kong awarded the contract to Leighton Asia and its joint venture partner Chun Wo Construction and Engineering Company.

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 per cent 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. - TradeArabia News Service

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