Leighton Gets Contract for Sydney Highway Project
04 Dicembre 2014 - 11:38PM
Dow Jones News
By Robb M. Stewart
MELBOURNE, Australia--Construction firm Leighton Holdings Ltd.
(LEI.AU) and venture partner Rizzani de Eccher Australia have been
selected to design and build a widened highway in Sydney.
Leighton, which is majority owned by Germany's Hochtief AG
(HOT.XE), said its share of the work to upgrade a 7.5-kilometer
stretch of the M4 highway is worth about 150 million Australian
dollars (US$126 million).
The project involves widening the M4 from three to four lanes in
each direction and is part of the first stage of the WestConnex,
one of Australia's biggest urban road projects. Work is scheduled
to start in early 2015 and the widened stretch of road is due to
open in 2017, Leighton said.
Write to Robb M. Stewart at robb.stewart@wsj.com
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