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LEI Leighton Fpo

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Share Name Share Symbol Market Type
Leighton Fpo ASX:LEI Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Leighton JV Gets Hong Kong Railway Contract

16/01/2015 11:06am

Dow Jones News


Leighton Holdings (ASX:LEI)
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By Freidrich Geiger

A Leighton Holdings Ltd. (LEI.AU) joint venture has been awarded a contract by MTR Corporation (0066.HK) for the construction of an underground railway station and works on a tunnel in Hong Kong, the Australian construction group said Friday.

The value of the contract awarded to the joint venture between subsidiary Leighton Asia and China State Construction Engineering (Hong Kong) is 929 million Australian dollars ($763 million). Leighton's share of the revenue is 51%.

The works, which will commence in January 2015, involve the construction of an underground station and 300 meters of tunnel. The station will serve Hong Kong's Convention Centre and the North Wanchai area, completing the new railway link connecting New Territories and north Hong Kong.

Leighton is majority-owned by Germany's Hochtief AG (HOT.XE).

Write to Freidrich Geiger at Freidrich.Geiger@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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