A CIMIC
(ASX:CIM) group company, Leighton Asia, with its joint venture partner, has been selected to construct the $390 million Terminal 2 structural works at Hong Kong International Airport.
Revenue to Leighton Asia, part of CIMIC’s construction company CPB Contractors, is approximately $273 million, reflecting its 70 per cent stake in the joint venture with Chun Wo Construction and Engineering Company.
Construction is scheduled to commence in late 2017 and is expected to be completed by December 2021.
CIMIC was selected this year to deliver the $278 million Terminal 1 expansion for the Airport Authority Hong Kong.
The company said the contract reflects the continued strong working relationship with the Airport Authority Hong Kong.
Shares in CIMIC
(ASX:CIM) are trading 0.54 per cent lower to $51.81.
