Construction giant Leighton Holdings Ltd (ASX:LEI) has announced that it has secured two contracts worth $547 million for work on the South Island rail line in Hong Kong.
Leighton Asia will deliver both of the rail projects, with Leighton’s John Holland business forming a joint venture for one of the contracts.
John Holland expects to receive revenues of around $101 million from its share of the JV.
Construction work is due to start in May this year and scheduled for completion in 2015.
Leighton Holdings generated a net profit of $218 million in the six months to 31 December, 2010.
