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Hong Kong : Cimic Group am secures $295m Hong Kong airport deal

Publish Date : 05-Dec-2017

Leighton Asia, an arm of the global infrastructure firm Cimic Group, has secured a deal for the A$390 million ($295 million) Terminal 2 (T2) foundation and substructure works at Hong Kong International Airport.

The Airport Authority Hong Kong offered the contract to Leighton Asia and its collaboration partner Chun Wo Construction and Engineering Company.

Earnings to Leighton Asia, which is part of Cimic Group building firm CPB Contractors, is nearly A$273 million, reflecting Leighton Asias leading 70 per cent partnership share.

Construction is slated to start by the end of this year and be completed by December 2021.

Cimic Group chief executive officer Adolfo Valderas stated: We are pleased to play a greater role in the development of one of the worlds fastest growing airports, following our selection this year to deliver the A$278 million Terminal 1 expansion for the Airport Authority Hong Kong. Cimic and Leighton Asias engineering capabilities, and track record of successfully providing certainty for clients within complex aviation works programs, position us strongly for projects such as those at Hong Kong International Airport.

CPB Contractors and Leighton Asia managing director Juan Santamaria added: This award is a continuation of our strong working relationship with the Airport Authority Hong Kong, to deliver world-class assets of long-term value. Our team is committed to utilising innovative and cost-effective construction solutions to achieve the projects planned operational, economic and social benefits.

Leading the partnership, Leighton Asia will provide the foundations for the modified T2, two annex buildings and related viaducts, construction of the T2 basement, south annex building structures, diaphragm walls, utility services and other advance works.

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