HOCHTIEF subsidiary Leighton has won two PPP contracts in Australia with a combined value of more than EUR 3 billion. Leighton‘s share in the projects is EUR 1.85 billion. In Sydney, two Leighton subsidiaries are part of a consortium that will design, finance and build a 36-kilometer rapid transit train service and subsequently operate it for a period of 15 years. The contract is part of the North West Rail Link for which Leighton has already been working on another contract - worth more than EUR 800 million - for one year now. In Melbourne, Leighton subsidiary John Holland, as part of a joint venture, will build and operate a prison for approximately 1,000 inmates. Leighton‘s share in the contract amounts to around EUR 450 million.
Marcelino Fernández Verdes, CEO of HOCHTIEF and Leighton: "In line with the Federal Government’s commitment to fund new infrastructure in coming years, State governments and private sector investors are committing to civil and social infrastructure that meets the needs of their local communities and we are proud to be assisting with this investment. Much of this total infrastructure growth is expected to be funded by PPPs - around EUR 35 billion in PPP projects are expected to commence by 2020 – providing opportunities for the Group as equity participant, contractor and asset manager."
Details on both projects are available in the two attached media releases.
Download: