Browsing: Industry News

Bad karma at Goddess of Mercy statue project

Chun Wo sues for $335 million for additional work and expenses It should have been a piece of cake. When you’re to build a huge statue of one of the most important Chinese deities, no less


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China State bags last contract for highway widening project

Contractor forced to wait one year to win job worth $2.51 billion Danny Chung:   After waiting nearly a year after tender submission, mainland contractor China State Construction Engineering (Hong Kong) has bagged the last contract


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Sand supply to Hong Kong stable for now, says consultant

But industry should consider alternatives to reduce demand Danny Chung: The supply of sand is likely to remain stable for the time being although there are uncertainties amid rising demand for sand by the construction industry.


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Narrow escape for German worker in tunnel ground collapse

Colleagues pull buried technician to safety at Express Rail site Danny Chung:   A German technician working on a site of the Express Rail Link project of the MTR Corporation (0066) was fortunate to escape with


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Gammon wins $9.2 billion worth public works in first half

Public works worth $14.54 billion awarded in June 2013 Danny Chung Gammon Construction has come out on top in terms of total value of public sector works contracts awarded to a single contractor in the first


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Dragages-Bouygues JV bags Northern Connection tunnel job

Joint venture wins one of the biggest value contracts in recent years Danny Chung French contractor Dragages Hong Kong has bagged one of the biggest, if not the biggest, value contract in recent years, the Northern


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Nothing to fear from Saturday rest days on site, says think tank

Survey shows widespread support for reduced working week Danny Chung   The construction industry has nothing to fear from a proposal to have a rest day on Saturdays for construction sites, according to a think tank.


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Public works contracts worth $1.25 billion awarded May 2013

Danny Chung:     Official records show public rental and subsidised housing projects accounted for most of the contracts awarded in the public sector in May 2013. According to the government gazette and websites of government


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Yau Lee net profit up 53 percent

Danny Chung:     Net profit at building contractor Yau Lee Holdings (0406) jumped by over half despite turnover plunging as a result of being careful in tendering for new projects. For the year ending 31


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Chun Wo profit surges 50 percent

Danny Chung     Annual net profit at mid-sized contractor Chun Wo Development Holdings (0711) has surged by nearly half as it rides high on ongoing government spending on public works and private sector property development.


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