CIMIC Group: Awarded $436m HK Govt contract

Company News

by Jessica Amir

CIMIC Group’s (ASX:CIM) construction company, Leighton Asia, has been awarded a $436 million building contract from the Hong Kong Government’s Special Administrative region.

The contract involves Leighton Asia building a three story Cultural Centre. It will house a 1,200 seat auditorium, a 550-seat theatre and three studios with up to 250 seats each.

The project in the eastern Kowloon region of Hong Kong, will also have a restaurant, a box office and multiple rehearsal rooms.

Leighton Asia says it has a strong relationship with the Hong Kong Government and is pleased to contribute in reinvigorating the eastern Kowloon area.

Construction is set to begin in May 2017 and be completed in 2020.

Shares in CIMIC Group (ASX:CIM) opened 0.78% higher to $37.32
 

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