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| Hochtief announces new contracts in three strategic growth fields Via its subsidiary Leighton, German builder Hochtief secured new contracts worth a combined total of EUR 672.9 million in all three segments - energy infrastructure, major cities and transportation infrastructure - in rapid succession. Of this, EUR 356.2 million is attributable to a further contract for Thiess for the liquefied natural gas (LNG) project of Chevron off Australia's west coast. John Holland will build roads and railway links to a port in Western Australia for EUR 79.2 million. Telecommunications subsidiary Visionstream is to deliver a broadband network for the island of Tasmania for EUR 237.5 million. For Thiess, this already is the fourth contract on the Wheatstone project of Chevron: The energy giant is currently constructing a natural gas production facility off the west coast of Australia together with partners such as Shell. The actual LNG plant is being constructed onshore, some 12 kilometers from Onslow. In connection with the construction works for this facility, Thiess will undertake preparatory earthworks (bulk removal etc.) for the plant, storm water drainage system and access roads. After completion of the initial phase, up to 8.9 million tons of liquefied natural gas will be produced annually. Works on the plant will start in the fourth quarter of 2012 and are scheduled for completion in early 2014. On total, Thiess has already been awarded contracts worth more than EUR 1.01 billion on the Wheatstone project. Together with two other contracts awarded to Leighton subsidiary John Holland, Leighton thus achieved a total contract value of EUR 1.49 billion for the project. John Holland will build or expand various access routes for Esperance Port in Western Australia: The Leighton subsidiary will, for example, realign 1.8 kilometers of road leading into the port. The assignment also includes the diversion of 1.3 kilometers of existing railway to the port, and construction of two bridges. John Holland will start work in mid-2012, with completion expected by the end of 2013. Visionstream, the telecommunications subsidiary of Leighton Contractors, will build up a broadband network for the Australian island of Tasmania over a period of four years. Services comprise, among others, installation of the network cable including all related works, and connection to other existing data networks. Since July 2011, Visionstream has been awarded new telecommunications contracts worth a combined total of EUR 423.6 million in Australia. write your comments about the article :: © 2012 Construction News :: home page |