Balfour Beatty’s interest in Hong Kong wins £175m construction contract for Macau hotel.
Balfour Beatty’s subsidiary in Hong Kong has won a £175m construction contract for a new hotel in Macau.
Balfour Beatty acquired a 50% stake in Gammon in August 2004 and the Hong Kong firm’s building arm will construct the Macao hotel tower in Cotai, Macau.
The 32-story hotel will contain 3,000 guest rooms and suites and is expected to be completed in 2007.
Balfour Beatty chief executive Ian Tyler said: “This success demonstrates the strong basis which we have established in South East Asia with a view to long-term growth and is further evidence of the group’s strength in major, complex building works.”
The project involves the construction of a concrete structural frame, structural steel works for the lower floors of the hotel, external facades, waterproofing, lifts and escalators, building services, interior decoration, furniture and fittings.