Balfour Beatty joint venture awarded HK$1.3 billion (c. £150 million) contract in Hong Kong
20 October 2022
Balfour Beatty today announces that its 50:50 joint venture, Gammon, has been awarded a HK$1.3 billion (c. £150 million) contract on behalf of Top Oasis Limited, a consortium formed by Sino Land Company Limited and CSI Properties Limited for the construction of a residential development in Yau Tong, Hong Kong.
As part of the contract, Gammon will be responsible for the construction of a 33-storey residential tower, providing 792 new flats above the existing MTR Metro line.
Throughout construction, Gammon will utilise Design for Manufacture and Assembly methods, fabricating individual structural steel components offsite to ensure the project's safe and efficient delivery.
In addition, the project will also recycle all demolition waste on site to reduce waste and deploy Enertainer – an electric-powered battery storage system used as the primary power source for construction machinery – reducing the need for diesel generators on site thereby reducing carbon emissions.
Kevin O’Brien, Chief Executive of Gammon, said: “We are delighted that Sino Land and CSI Properties have selected Gammon to be their project partner.
“We look forward to sharing our expertise and experience to implement customer-focused solutions that will allow the works to continue to the highest standards of safety, while also bringing our modern and sustainable method of construction.”
Works are already underway with the project scheduled for completion in 2025. At construction peak, the project will employ a workforce of approximately 500 people.
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Notes to editors:
- Balfour Beatty is a leading international infrastructure group with 24,500 employees driving the delivery of powerful new solutions, shaping thinking, creating skylines and inspiring a new generation of talent to be the change-makers of tomorrow.
- We finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.
- Over the last 113 years we have created iconic buildings and infrastructure all over the world including: the £1.5 billion A14 improvement scheme - Britain’s biggest road project; Hong Kong’s HK$5.5 billion world-class harbour theatre project for the West Kowloon Cultural District Authority; and the 12.5 mile $429 million North Metro Commuter Rail line in Colorado, US.
- Gammon (gammonconstruction.com), headquartered in Hong Kong, is a 50:50 joint venture between Balfour Beatty and Jardine Matheson, the Asian-based conglomerate. The two companies have worked in partnership since 2004 to forge a reputation for delivering high quality projects for customers throughout China and Southeast Asia. The business is a major player in the Hong Kong and Singapore roads market. Gammon’s service extends over the full project life-cycle, from initial site survey and design through construction to commissioning and ongoing maintenance.