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| Leighton announces new contract awards Australian construction giant Leighton has been awarded new contracts worth EUR 724 million (AUD 1.06 billion) via participating interests: In the promising contract mining market in Mongolia, Leighton Asia secured the second contract adjustment for the Ukhaa Khudag mine for EUR 642 million (AUD 940 million). In addition, a joint venture around Leighton Contractors will further upgrade the Gateway Motorway in Queensland, Australia. The contract volume amounts to EUR 164 million (AUD 240 million). Leighton's share in the project is EUR 82 million (AUD 120 million). The new adjustment of the mining contract will ramp up production rates at the Ukhaa Khudag mine to ten million tons of coal per year. Leighton Asia has already been working at the site as contract miner since February 2009. The contract volume so far amounted to EUR 300 million (AUD 545 million). The contract runs until 2015. The contract extension in the Australian state of Queensland also results from existing business: Since 2006, the joint venture around Leighton Contracts had already received numerous contracts for the so-called Gateway Upgrade Project with a combined worth of more than EUR 1 billion (Leighton share: approximately EUR 520 million). A large section of the link will now be widened to six lanes. Work will commence immediately and is expected to be completed by mid-2011. write your comments about the article :: © 2010 Construction News :: home page |