Construction firm Balfour Beatty said its half-owned Hong Kong builder, Gammon Construction, had won a contract worth £270m.
The HK$3.4bn deal will see Gammon working on a major section of the new Shatin to Central Link rail project as part of a joint venture.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The track will connect the existing East Rail Line to the Hung Hom Station and the Hung Hom Station to the future Ho Man Tin Station.
Balfour Beatty Chief Executive, Ian Tyler, said one of his firm's key strategic sectors was transportation and the contract built on it strengthening global experience in rail.
Work is due to start before the year-end and will be completed in 2018.
-
Bank of England’s MPC expected to pause interest rate cutsThe UK economy is weakening, but persistent inflation means experts expect the Bank of England’s Monetary Policy Committee (MPC) to vote against a cut to UK interest rates at this week’s meeting
-
State pension age rises hurt this group the most – should we be working longer?The government wants us working longer to boost the economy and reduce the state pension bill – but previous increases in state pension age have not been felt equally
