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HONG KONG: 50:50 joint venture construction contract award for planned $500,000,000 road tunnel project is said to be imminent, LEIGHTON HOLDINGS LTD. [Australia/Hong Kong] & KUMAGAI GUMI CO. LTD. [Japan] - Order #: 030903.
WWP-Business Opportunities in Asia & the Pacific, March, 2003
PROJECT OVERVIEW:
A 50:50 joint venture that teams up the local LEIGHTON HOLDINGS and Japan-based KUMAGAI GUMI CO. LTD. is soon expected to be awarded a tunnel construction contract by the Hong Kong government. Construction plans under consideration call for building the Nam Wan tunnel through Tsing Yi in Hong Kong.
The cost to complete the undertaking has been pegged at $500,000,000.
LEIGHTON HOLDING is the parent company of Australia's largest project development and contracting group. LEIGHTON ASIA, on the other hand, comprises 2 main operating entities: LEIGHTON ASIA (NORTHERN) with 2,200 employees covers operations in Hong Kong, China, Taiwan, the Philippines, Thailand, Vietnam and Laos; LEIGHTON ASIA (SOUTHERN) with a total...
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