CIMIC'S LEIGHTON ASIA WINS A$380M TRANSPORT

SYDNEY, Australia May 24 (Bernama) -- 

CIMIC Group company, Leighton Asia, as lead partner in a joint venture, has been selected by Singapore's Land Transport Authority to deliver a A$540 million tunnel and infrastructure contract (N103 contract works), as part of the North-South Transportation Corridor project. Revenue to Leighton Asia, which is part of CIMIC Group construction company CPB Contractors, will be approximately A$380 million, with the project being delivered in joint venture with local Singapore contractor Yongnam Engineering & Construction. Construction is scheduled to commence in the second quarter of 2018 and be completed by 2026. CIMIC Group Chief Executive Officer Michael Wright said: “The award of these major infrastructure works to support the North-South Corridor project demonstrates the positive and enduring relationship that CIMIC and Leighton Asia have built with the Land Transport Authority in Singapore. "We are pleased to continue to contribute our innovative and cost-effective design and construction methodologies to enhance Singapore’s world-class transportation networks." CPB Contractors and Leighton Asia Managing Director Juan Santamaria said: "Leighton Asia’s major project experience and diverse construction capabilities have positioned us well to capture this contract and further key infrastructure projects in Singapore’s growing market. "We have a strong and growing presence in Singapore, with a team committed to leveraging our local experience and international expertise to ensure the project meets the social, sustainability and economic outcomes expected by the client and local communities." http://mrem.bernama.com/viewsm.php?idm=31966