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HOCHTIEF Subsidiary Leighton Wins Two PPP Contracts for EUR 3 Billion - HOCHTIEF subsidiary Leighton has won two PPP contracts in Australia with a combined value of more than EUR 3 billion - Leighton.com.au / HOCHTIEF.com
HOCHTIEF Subsidiary Leighton Wins Two PPP Contracts for EUR 3 Billion

 

PRZOOM - /newswire/ - Essen, Germany, 2014/09/16 - HOCHTIEF subsidiary Leighton has won two PPP contracts in Australia with a combined value of more than EUR 3 billion - Leighton.com.au / HOCHTIEF.com.

   
 
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• Realization and operation of rapid transit rail service in Sydney;
• Design, construction and operation of a prison in Melbourne.

Leighton‘s share in the projects is EUR 1.85 billion. In Sydney, two Leighton subsidiaries are part of a consortium that will design, finance and build a 36-kilometer rapid transit train service and subsequently operate it for a period of 15 years. The contract is part of the North West Rail Link for which Leighton has already been working on another contract - worth more than EUR 800 million - for one year now. In Melbourne, Leighton subsidiary John Holland, as part of a joint venture, will build and operate a prison for approximately 1,000 inmates. Leighton‘s share in the contract amounts to around EUR 450 million.

Marcelino Fernández Verdes, CEO of HOCHTIEF and Leighton: "In line with the Federal Government’s commitment to fund new infrastructure in coming years, State governments and private sector investors are committing to civil and social infrastructure that meets the needs of their local communities and we are proud to be assisting with this investment. Much of this total infrastructure growth is expected to be funded by PPPs - around EUR 35 billion in PPP projects are expected to commence by 2020 providing opportunities for the Group as equity participant, contractor and asset manager."

About HOCHTIEF

HOCHTIEF (hochtief.com) is one of the most international construction groups worldwide. The company delivers complex infrastructure projects, in some cases on the basis of concession models. The Group operates in the transportation infrastructure, energy infrastructure and social/urban infrastructure segments as well as in the contract mining business. With around 71,000 employees and a sales volume of more than EUR 25 billion in FY 2013, HOCHTIEF is represented in all the world’s major markets. With its subsidiary Leighton, the Group is market leader in Australia. In the USA, the biggest construction market in the world, HOCHTIEF is the No. 1 general builder via its subsidiary Turner and, with Group company Flatiron, ranks among the most important players in the field of transportation infrastructure construction. Because of its engagement for sustainability, HOCHTIEF has been listed in the Dow Jones Sustainability Indexes since 2006.

About Leighton Holdings Limited

Leighton Holdings Limited (leighton.com.au) is the parent company of Australia’s largest contracting and project development group, which includes subsidiaries Thiess, John Holland, Leighton Contractors, Leighton Africa, Leighton Welspun, Leighton India, Leighton Offshore, Habtoor Leighton Group, Leighton Asia and Leighton Properties. Leighton Group companies offer a broad range of construction, mining, and operations and maintenance services to the infrastructure, property and resources markets, and often take a general contractor role. With over 53,000 employees, the Group’s operations are spread all around Australia, Asia, the Middle East and Africa.

 
 
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Agency / Source: HOCHTIEF AG

 
 

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HOCHTIEF Subsidiary Leighton Wins Two PPP Contracts for EUR 3 Billion

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HOCHTIEF AG | Leighton Holdings Limited
Contact: Dr. Bernd Pütter - HOCHTIEF.com 
+49 201 824 2610 presse[.]hochtief.de
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
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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