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| Leighton subsidiary wins contract worth EUR 400 million Hochtief's Australian majority-owned holding Leighton has won one of the largest rail infrastructure programs in Queensland history via its subsidiary Thiess Pty Ltd. The Thiess United Group (a joint venture between Thiess Pty Ltd and United Group Infrastructure), would construct four major rail infrastructure projects over the next six years worth $665 million. The combined contract volume of the projects totals approximately EUR 400 million. The Thiess share amounts to some EUR 175 million. The construction projects form part of the South East Queensland Infrastructure Program which comprises a total investment volume of just under EUR 3.6 billion. The Thiess United Group joint venture will deliver the railway sections Caboolture/Beerburrum (approx. EUR 145 million), Robina/Reedy Creek (approx. EUR 45 million), Corinda/Darra (approx. EUR 66 million) and Beerburrum/Landsborough (approx. EUR 145 million). The works are expected to commence in June 2006 and scheduled for completion in 2012. write your comments about the article :: © 2006 Construction News :: home page |