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HOCHTIEF Profits from Fast Expansion of Australia’s Infrastructure - Australia massively invests in its infrastructure: The largest electricity distributor Ausgrid expands the energy supply in Sydney - HOCHTIEF.de
HOCHTIEF Profits from Fast Expansion of Australia’s Infrastructure

 

PRZOOM - /newswire/ - Essen, Nordrhein-Westfalen, Germany, 2011/12/12 - Australia massively invests in its infrastructure: The largest electricity distributor Ausgrid expands the energy supply in Sydney - HOCHTIEF.de.

   
 
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• Business massively invests in continent’s energy and gas supply; land creation in Western Australia;
• Leighton secures contracts in these growth fields for half a billion euros.

The energy group Chevron started works for a new gas field on the Australian coast. And in Western Australia, the company LandCorp turns 7,500 hectares of unused land into new farmland. The HOCHTIEF subsidiary Leighton is involved in all three projects, winning contracts for a good EUR 500 million (AUD 656 million).

Thiess, a subsidiary of Leighton, will expand Sydney’s underground electricity supply. For EUR 107 million (AUD 140 million), the company will construct a 3.2-kilometer-long, 3.5-diameter tunnel for new power cables below the city. The project will connect existing substations in Sydney. In addition, Thiess will install and commission all tunnel mechanical and electrical services. The works are scheduled for completion in 2015.

John Holland - also a Leighton subsidiary - and a partner will design and construct an accommodation village for 3,800 workers of the Wheatstone gas project on the coast of Western Australia. The facility in the Pilbara region will also feature recreation centers, a football oval, swimming pool, tennis courts, a medical center and dining facilities. John Holland will start work immediately and expects to complete it in the second quarter of 2014. The project has a volume of EUR 282 million (AUD 370 million). The new village is one of the first contracts Chevron awards for the gas project. More bid invitations are planned to follow.

Only recently, Leighton Contractors has been awarded the contract to deliver phase two of the Ord East Kimberley Expansion Project for EUR 111 million (AUD 146 million). This project in Kununurra, Western Australia, will create 7,500 hectares of new farmland and includes construction of a 21-kilometer irrigation channel, 26 kilometers of road and 70 kilometers of drainage and flood protection works. The region is considered a prime agricultural center in Australia. Leighton Contractors is currently completing phase one of the project, Phase two will commence in April 2012 and be completed by the end of 2013.

 
 
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Agency / Source: HOCHTIEF AG

 
 

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HOCHTIEF Profits from Fast Expansion of Australia’s Infrastructure

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HOCHTIEF AG |
Contact: Christian Gerhardus - HOCHTIEF.de 
+49 201 824-2642 presse[.]hochtief.de
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any HOCHTIEF AG securities in any jurisdiction including any other companies listed or named in this release.

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