PRZOOM - /newswire/ -
Sydney, Australia, 2016/10/14 - CIMIC Group company Leighton Asia, through its subsidiary Leighton India Contractors, has entered into an alliance agreement to deliver the Ten BKC project in Mumbai, India - CIMIC.com.au
. ASX: CIM
Revenue to Leighton Asia, which is a division of CIMIC Group construction company CPB Contractors, is approximately A$140 million1.
Ten BKC is a two hectare residential development comprising 937 apartments across 40 towers in the Bandra Kurla Complex, a commercial and residential complex in Mumbai.
CIMIC Group Executive Chairman and Chief Executive Officer Marcelino Fernández Verdes said: “This is the second premium project we have secured in the Bandra Kurla Complex, demonstrating Leighton Asia’s track record in the high-end building sector.”
CPB Contractors Managing Director Román Garrido said: “We are pleased to be involved with a project that will deliver significant socioeconomic benefits to South Mumbai, turning it into the city’s premiere business district.”
The scope of work includes delivery of structures, mechanical, electrical and plumbing services, façade, finishes and external works over a period of 34 months.
Works have commenced and completion is targeted for June 2019.
1 Using the exchange rate of US$1=A$1.32
Ms Marta Olba, Group Manager Investor Relations; T: +61(2) 9925 6134
Ms Fiona Tyndall, General Manager Communications; T: +61(2) 9925 6188
About CIMIC Group Limited
CIMIC Group Limited (cimic.com.au) is one of the world’s leading international contractors and the world’s largest contract miner. CIMIC Group has operations that have been in existence since 1934, was listed on the Australian Securities Exchange in 1962 and has its head office in Sydney, Australia. CIMIC provides construction, mining, mineral processing, engineering, concessions, and operation and maintenance services to the infrastructure, resources and property markets. It operates in more than 20 countries throughout the Asia Pacific, the Middle East, North America, Sub-Saharan Africa and South America and, at 30 June 2016, employed approximately 43,500 people directly and through its investments.