Plus   Neg

Balfour Beatty JV Gets £577 Mln Mechanical And Electrical Works Contract In Hong Kong

Balfour Beatty (BBY.L) said that its 50:50 joint venture, Gammon Construction, has received a HK$5.67 billion or 577 million pounds Central Kowloon Route contract from the Highways Department of the Government of the Hong Kong Special Administrative Region.

The contract includes the delivery of critical mechanical and electrical works as well as the construction of tunnel ventilation and administration buildings.

The works form an essential part of the overall Central Kowloon Route; a 4.7 kilometre dual three-lane major road that will enhance connectivity between the East and West Kowloon districts whilst relieving congestion.

The company noted that Gammon is also constructing the Kai Tak West Section of the Central Kowloon Route, which includes underwater and cut-and-cover tunnels, as well as roads.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Humana Inc. (HUM) reported second quarter adjusted earnings per share of $12.56 compared to $6.05, previous year. On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $10.27, for the quarter. Analysts' estimates typically exclude special items. Second... H-E-B has issued an all-store recall for Blue Cheese Salmon Burgers citing the presence of an undeclared allergen, the U.S. Food and Drug Administration announced. The products contain wheat, a known allergen, which is not declared on the product label. Consumers with allergy or severe sensitivity to wheat may get serious or life-threatening allergic reaction if they consume these products. The U.S. Securities and Exchange Commission is investigating the circumstances around Eastman Kodak Co.'s (KODK) announcement of a $765 million government loan to make ingredients for Covid-19 drugs, the Wall Street Journal reported citing people familiar with the matter.
Follow RTT