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KBR KBR Inc

64.10
0.05 (0.08%)
After Hours
Last Updated: 21:02:15
Delayed by 15 minutes
Share Name Share Symbol Market Type
KBR Inc NYSE:KBR NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.05 0.08% 64.10 64.36 63.91 64.12 578,692 21:02:15

KBR Awarded Design Build Contract for Papua New Guinea Apartment Project

13/10/2010 9:05pm

Business Wire


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KBR (NYSE:KBR) today announced that it has been awarded a contract to provide building services engineering for a $130 million USD apartment complex in Papua New Guinea (PNG).

The apartment complex is being developed by PNG’s Motor Vehicles Insurance Limited in partnership with Moss Capital, and will include four 8-story apartment buildings, 24 town houses and 17 villas, with a total of 143 apartments.

“This project will highlight KBR’s broad project expertise and long-standing track record of delivering high quality service to its customers,” said Colin Elliott, President, KBR Infrastructure and Minerals. Additionally, KBR will work to deliver technically advanced and environmentally-friendly services to this major residential development project.

KBR’s Sydney, Brisbane and Adelaide-based engineers will design a power system using load shedding which will lessen the usage of out air-conditioning condenser units. This action will decrease the size of back-up generators needed in the event of power supply interruptions. The complex will also have an on-site water storage system that houses a 24-hour water supply, and filtration and chlorination system.

KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial markets. For more information, visit www.kbr.com.

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