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HOCHTIEF Wins New Contracts Worth Almost EUR 600 M in Australia in Rapid Succession - HOCHTIEF steps up its stroke rate in Australia: Via subsidiary Leighton, the Group has now won numerous new contracts, worth a combined total of EUR 591 million (AUD 775 million), in rapid succession - HOCHTIEF.de
HOCHTIEF Wins New Contracts Worth Almost EUR 600 M in Australia in Rapid Succession

 

PRZOOM - /newswire/ - Essen, Nordrhein-Westfalen, Germany, 2011/12/16 - HOCHTIEF steps up its stroke rate in Australia: Via subsidiary Leighton, the Group has now won numerous new contracts, worth a combined total of EUR 591 million (AUD 775 million), in rapid succession - HOCHTIEF.de.

   
 
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• Leighton subsidiary to upgrade Sydney Opera House;
• Follow-up contracts at iron ore and coal mines in Down Under;
• Numerous telecommunications projects throughout Australia.

This includes contract extensions for existing contract mining projects as well as projects from the field of telecommunications. The most important new assignment, however, is the upgrade of the Sydney Opera House: The HOCHTIEF subsidiary will completely rebuild the access roads to the world-famous building and adjust them to the increased demands.

The works on the Sydney Opera House are the biggest single construction contract that has been awarded since the structure was built in 1973: Leighton’s subsidiary John Holland will construct a new underground loading dock for the opera for approximately EUR 76 million (AUD 100 million). In addition, the roadway around the property will be raised and upgraded. The works will commence in January 2012.

Visionstream Australia, a subsidiary of Leighton Contractors, has received several single contracts since September 2011: The company which specializes in telecommunication projects will realize a transit network and wireless telecommunications infrastructure for carrier NBN. Visionstream will also renew the Emergency Alerting System for the Emergency Services Telecommunications Authority (ESTA). The contracts have a combined volume of roughly EUR 191 million (AUD 250 million).

HWE Mining and Thiess, both subsidiaries of Leighton, have only recently been awarded extensions of existing contract mining contracts: The companies will continue operating an iron ore mine in South Australia and a coal mine in Queensland for another year each and deliver mining services. The contracts have a combined volume of EUR 324 million (AUD 425 million).

 
 
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Agency / Source: HOCHTIEF AG

 
 

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HOCHTIEF Wins New Contracts Worth Almost EUR 600 M in Australia in Rapid Succession

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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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