Balfour Beatty JV Awarded $343 Million Contract to Develop Hong Kong Towers
29 Septiembre 2021 - 5:12AM
Noticias Dow Jones
By Joe Hoppe
Balfour Beatty PLC said Wednesday that its joint venture Gammon
has been awarded a 2.67 billion Hong Kong dollar ($343 million)
contract on behalf of Chinachem Group to develop four residential
towers in Kowloon, Hong Kong.
The FTSE 250 infrastructure group said that as part of the
contract, Gammon--a 50:50 joint venture with Asian conglomerate
Jardine Matheson Holdings Ltd.--will be responsible for building
845, one-to-three bedroom apartments over the Mass Transit Railway
Ho Man Tin Station. Work is due to begin later this year with
completion scheduled for 2024.
Balfour Beatty said the project will employ a team of 1,500. It
also said it will use several new technologies and solutions,
including offsite, precast methods to deliver the building's
facade, a digital supply chain dashboard, and Gammon's quality
control platform.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
September 29, 2021 05:57 ET (09:57 GMT)
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