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| Hochtief announces new orders in Canada, the USA and Australia Via subsidiaries, Hochtief has secured numerous new orders worth a total of app. EUR 686 million. The Group's US company Flatiron is participating in a joint venture contracted to build an important road connection in Canada. The project has a volume of app. EUR 165 million (CAD 224 million), of which Flatiron's share is app. EUR 75 million (app. CAD 101 million). Subsidiary Turner, which is active in general building in the United States, has been awarded the contract to realize a research complex in the USA. The project is worth app. EUR 70 million (USD 93 million). In Australia, John Holland, a company owned by Hochtief subsidiary Leighton, is a member of a consortium contracted to upgrade a rail line. The contract has a volume of app. EUR 451 million (AUD 650 million). John Holland's stake is expected to be in excess of app. EUR 208 million (AUD 300 million). write your comments about the article :: © 2010 Construction News :: home page |