Manufacturing Industry
HONG KONG: JOINT VENTURE CONSTRUCTION CONTRACT AWARD FOR PLANNED $228,000,000 RAILWAY EXTENSION PROJECT, PENTA-OCEAN CONSTRUCTION CO. [JAPAN] & KIER GROUP PLC [UK] - Order #: 121699.
WWP-Report on Engineering Construct & Plant Operations in the Developing World, December, 1999
PROJECT OVERVIEW
The local KOWLOON-CANTON RAILWAY CORP. (KCRC) recently awarded a railway extension contract to a Japanese/British joint venture. The partners in the planned undertaking and their respective shareholdings include Japan-based PENTA-OCEAN CONSTRUCTION CO. (85%) and KIER GROUP PLC of the UK (15%).
According to the terms of the award, the partnership will be responsible for building a 30.5 km-long track. The planned segment is intended to enable linking the New Territories with Urban Kowloon. The cost to complete the infrastructure works has been pegged at $228,000,000.
Project completion is scheduled for October 2003.
PENTA-OCEAN employs a total staff of about 4,700. The company is acknowledged to be Japan's...
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