Balfour Beatty joint venture awarded HK$1.3 billion (c. £150 million) contract in Hong Kong
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.