Leighton Holdings Ltd (ASX:LEI) has won a $463 million contract to construct a section of a high speed rail link between Hong Kong and mainland China.
Leighton Asia will construct a 7.6km twin-track tunnel and ventilation buildings for the express rail link, with the cooperation of private contracting group McMahon Holdings.
As the Hong Kong section of the link will be underground for 26km, the project will involve drill and blast techniques.
The contract was awarded by Hong Kong rail operator MTR Corporation, which is in control of the Hong Kong section of the express rail link.
Work is due to begin later this month and is scheduled for completion in 2015.
Leighton Holdings reported a profit of $440 million for the 2009 financial year.