|
contents | business | |||||||||
| Balfour Beatty wins contracts in Hong Kong and the United States Britain's biggest construction firm, Balfour Beatty, announced contract wins in Hong Kong and the United States totaling £335 million. Gammon Construction, Balfour Beatty's joint venture company in South East Asia, has been awarded a HK $2.82 billion (£230 million) contract by the Hong Kong Director of Highways for the reconstruction and improvement of a 6.8 kilometre section of the Tuen Mun road. The contract involves the re-construction and re-alignment of Tuen Mun road between Tsuen Wan and Tsuing Lung Tan to expressway standards. Balfour Beatty Communities, Balfour Beatty's US PPP subsidiary, has reached financial close for an initial five-year $168 million (£105 million) development period for a privately financed military housing project at Fort Jackson, South Carolina. The initial five-year development period is part of a 50-year PPP concession for the design, development, construction, renovation and maintenance of 850 housing units at Fort Jackson, and is the company's 16th such PPP concession. write your comments about the article :: © 2008 Construction News :: home page |