Joint venture will start work immediately on railway project
Kier has won a £125m (HK$1.5bn) tunnelling contract in Hong Kong as part of a three-way joint venture in which Kier Construction holds a 50% stake.
Kaden Construction (Hong Kong) and Spanish contractor Obras Subterraneas SA (OSSA) are its JV partners on the MTR Corporation contract.
The project is part of the Hong Kong Section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link connecting mainland China and Hong Kong. Work involves the sinking of two shafts and two 2.6km long, 7.5m wide railway tunnels which will be constructed by drilling and blasting through hard rock.
Construction will start immediately and it is due to be completion in May 2015.
Paul Sheffield, chief executive of Kier, said: “We are delighted to be working for the MTR Corporation again and the award of this contract gives us the opportunity to continue our excellent relationship with this client.”