Leighton JV wins $929M Hong Kong contract

Company News

Leighton Holdings Limited (ASX:LEI) has won a $929 million contract as part of a joint venture in which it has a 51 per cent share. 
 
The construction and engineering group’s subsidiary Leighton Asia will team up with China State Construction Engineering (Hong Kong) to start on the project this month.
 
MTR Corporation has awarded the contract for works on the Shatin to Central Link in Hong Kong which will include the construction of an underground station and tunnel.  
 
Executive Chairman and CEO Marcelino Fernández Verdes says infrastructure investment is continuing to grow in Asia and Leighton is positioned to be a strong contender for future work.
 
Leighton Holdings reported a net profit of almost $285 million in the first half of the 2014 calendar year.