Balfour Beatty, the international infrastructure group, announces that Gammon Construction, the Hong Kong’s leading infrastructure business, which is 50% owned by Balfour Beatty, has been awarded the contract to build a HK$2.18 billion (circ. £175 million) extension to one of the world’s greenest science parks.
The Hong Kong Science Park is already a centre of excellence housing up to 350 firms involved in cutting-edge electronics, telecoms and IT. Phase 3a/ 3b of the landmark development involves 105,000m² development, equivalent to 400 tennis courts, and will showcase the latest green construction technologies and sustainable building design. Future running costs will also be minimised by the incorporation of a water recycling system and solar power.
The project will target the Leadership in Energy and Environmental Design (LEED) Platinum standard - a green rating system that is recognised globally, and presently the highest level of certification available. There are only three other buildings in Hong Kong which are certified Platinum standard.
Work on the project which will create more than 1,600 jobs in Hong Kong is starting this month and will be completed by December 2013.
Commenting on the award of the contract, Balfour Beatty Chief Executive Ian Tyler said:
“We are delighted that Gammon has been awarded this high-profile contract. Along with other state-of-the-art infrastructure projects that Gammon has undertaken in Hong Kong, including the Tamar Complex which we completed recently for the Hong Kong Government, the award of the new science park at Pak Shek Kok demonstrates our credentials in green building.
“Sustainability is at the heart of Balfour Beatty’s operations and we continue to grow as the choice provider of innovative and sustainable infrastructure solutions, helping to reduce customers’ emissions and energy costs around the world.”
Analyst/investor enquiries:
Basak Kotler
Balfour Beatty plc
Tel: 020 7216 6924
Media enquiries:
Rebecca Salt
Balfour Beatty plc
Tel: 020 7216 6865
Notes to Editors:
1. Gammon Construction is 50% owned by Balfour Beatty and 50% by Jardine Matheson, the major Asian trading and manufacturing group. Gammon is Hong Kong's largest and most successful contractor with over 5,000 employees.
2. Balfour Beatty (www.balfourbeatty.com) is a world-class infrastructure group operating in professional services, construction services, support services and infrastructure investments.
We work in partnership with our customers principally in the UK, continental Europe, the US, South-East Asia, Australia and the Middle East, who value the highest levels of quality, safety and technical expertise.
Key infrastructure markets include transportation (roads, rail and airports); social infrastructure (education, specialist healthcare, and various types of accommodation); utilities (water, gas and power transmission and generation) and commercial (offices, leisure and retail).
The Group delivers services essential to the development, creation and care of these infrastructure assets including project design, financing and management, engineering and construction, and facilities management services.
Balfour Beatty employs 50,000 people around the world.
