Balfour Beatty joint venture awarded HK$3.7 billion (c. £378 million) contract in Hong Kong
31 May 2023
Balfour Beatty today announces that its 50:50 joint venture, Gammon, has been awarded a HK$3.7 billion (c. £378 million) contract from the Hong Kong Cyberport Management Company Limited, a wholly owned innovation and technology company of the Hong Kong Special Administrative Region Government, to construct a new development at Cyberport, Hong Kong.
As part of the contract, Gammon will be responsible for the construction of a new ten storey building which will provide office space, a data services platform, multi-functional hall and ancillary facilities, as well as enhancements to the adjacent Cyberport waterfront park.
To ensure the project’s efficient delivery, Gammon will deploy its ‘G-Twin’ technology, to monitor work progress, streamline workflows, and collect and analyse data from various sources to support faster decision making throughout the projects delivery.
Kevin O’Brien, Gammon Chief Executive said: “We are delighted that Cyberport has once again selected Gammon to work with them on this expansion project. The contract follows on from our design and construction of the foundation and excavation works, and this latest award will see us deliver a complete end-to-end construction partnership.
“We look forward to participating in this important initiative which seeks to attract more quality innovation and technology companies and start-ups to establish their businesses at Cyberport.”
Main construction works will commence later this year with completion expected by 2025. At construction peak, the project will employ a workforce of more than 1,000 people.
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Notes to editors:
- Balfour Beatty is a leading international infrastructure group with over 25,000 employees driving the delivery of powerful new solutions, shaping thinking, creating skylines and inspiring a new generation of talent to be the change-makers of tomorrow.
- We finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.
- Over the last 114 years we have created iconic buildings and infrastructure all over the world. Currently, we are working to deliver Hinkley Point C, the first UK nuclear power station in a generation; constructing the world-class arts and cultural facility, the Lyric Theatre, in Hong Kong; and designing, building, financing, operating and maintaining the Automated People Mover superstructure at the fifth busiest airport in the world, Los Angeles International Airport.
- Gammon (gammonconstruction.com), headquartered in Hong Kong, is a 50:50 joint venture between Balfour Beatty and Jardine Matheson, the Asian-based conglomerate. The two companies have worked in partnership since 2004 to forge a reputation for delivering high quality projects for customers throughout China and Southeast Asia. The business is a major player in the Hong Kong and Singapore roads market. Gammon’s service extends over the full project life-cycle, from initial site survey and design through construction to commissioning and ongoing maintenance.