30th Jun 2020 10:53
(Alliance News) - Balfour Beatty PLC on Tuesday said its joint venture with Jardine Matheson Holdings Ltd, Gammon Construction, has been awarded a Central Kowloon Route contract worth HKD5.67 billion, or GBP577 million.
The Central Kowloon Route is a highway project in Kowloon, Hong Kong. The 4.7 kilometre dual three-lane major road is expected to enhance connectivity between the East and West Kowloon districts whilst relieving congestion.
The FTSE 250-listed construction company said that Gammon will deliver buildings, mechanical and electrical works on behalf of the Highways Department of the government of the Hong Kong Special Administrative Region.
Balfour Beatty said works include the delivery of critical mechanical and electrical works as well as the construction of tunnel ventilation and administration buildings. Gammon is also constructing the Kai Tak West section of the route, which includes underwater and cut-and-cover tunnels, as well as roads.
"We are delighted to be working with the government's Highways Department again on this vital piece of infrastructure for Hong Kong. Our experience and expertise in delivering complex mechanical and electrical works continues to grow, and we look forward to further strengthening our reputation through the safe and efficient execution of this contract," said Gammon Chief Executive Thomas Ho.
Balfour Beatty shares were trading 0.9% higher at 260.40 pence each on Tuesday morning in London.
By Ife Taiwo; [email protected].
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