Balfour Beatty Joint Venture Awarded HK$3.7 Billion (C. £378 Million) Contract In Hong Kong

Balfour Beatty today announces that its 50:50 joint venture, Gammon, has been awarded a HK$3.7 billion (c. £378 million) contract from the Hong Kong Cyberport Management Company Limited, a wholly owned innovation and technology company of the Hong Kong Special Administrative Region Government, to construct a new development at Cyberport, Hong Kong.

As part of the contract, Gammon will be responsible for the construction of a new ten storey building which will provide office space, a data services platform, multi-functional hall and ancillary facilities, as well as enhancements to the adjacent Cyberport waterfront park.

To ensure the project’s efficient delivery, Gammon will deploy its ‘G-Twin’ technology, to monitor work progress, streamline workflows, and collect and analyse data from various sources to support faster decision making throughout the projects delivery.

Kevin O’Brien, Gammon Chief Executive said: “We are delighted that Cyberport has once again selected Gammon to work with them on this expansion project. The contract follows on from our design and construction of the foundation and excavation works, and this latest award will see us deliver a complete end-to-end construction partnership.

“We look forward to participating in this important initiative which seeks to attract more quality innovation and technology companies and start-ups to establish their businesses at Cyberport.”

Main construction works will commence later this year with completion expected by 2025. At construction peak, the project will employ a workforce of more than 1,000 people.