Gammon joint venture awarded £238 million rail infrastructure contract
19 August 2010
Balfour Beatty, the international infrastructure group, announces today that Gammon Construction, the market-leading infrastructure contractor in Hong Kong, in which Balfour Beatty has a 50% shareholding, has been awarded a HK $2.883 billion (£238 million) rail infrastructure contract, in joint venture with Leighton Asia, by MTR Corporation.
The contract, for which Gammon has a 50% share, is in the West Kowloon district and is part of the Hong Kong section of the Guangzhon-Shenzhen-Hong Kong Express Rail Link, which forms part of China’s strategic national express rail network.
Commenting on the contract award today, Balfour Beatty Chief Executive, Ian Tyler, said:
"We are delighted to have such an integral role in the development of this important rail link which will provide Hong Kong with a direct link to the major cities in Mainland China."
Gammon is an experienced railway infrastructure contractor and is currently involved in the West Island Line which, when complete in 2014, will extend the existing Island Line from Sheung Wan to Kennedy Town.
ENDS
Analyst/media enquiries:
Duncan Murray
Balfour Beatty plc
Tel 020 7216 6865
www.balfourbeatty.com
Notes to Editors:
- Gammon Construction is 50% owned by Balfour Beatty and 50% by Jardine Matheson, the major Asian trading and manufacturing group. Gammon is Hong Kong's largest and most successful contractor with over 2,500 employees.
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