Public works worth $3.24 billion awarded in April
Public works contracts worth over HK$3.24 billion were awarded in April by the government and related organisations, mostly for railway and public housing work.
According to the latest government gazette published last Friday, the Housing Authority’s Housing Department, awarded HK$1.14 billion worth of work in April with most of it being foundation work.
Tysan Foundation, a subsidiary of locally listed Tysan Holdings (0687), bagged two contracts worth a total of HK$832 million for foundations for public rental housing at Tung Chung Area 56 and at Tuen Area 54 Site 2 Phases 1 and 2.
China State Construction Engineering (HK), a unit of listed mainland contracting giant China State Construction International Holdings (3311), meanwhile won the foundation contract worth HK$233 million for public rental housing at the ex-Au Tau Departmental Quarters in Yuen Long.
Railway operator MTR Corporation (0066), which is 77 percent owned by the government, meanwhile awarded the Kai Tak Station and Associated Tunnels contract, part of the Shatin to Central Link project, to Kaden-Chun Wo Joint Venture for a contract sum of HK$1.42 billion.
The Environmental Protection Department awarded a contract worth HK$451 million to SITA Waste Services for the North Lantau Transfer Station follow-on contract that involves design and construction of refurbishment and modification works to the existing transfer station.
Architectural Services Department awarded contracts worth a total of HK$52.8 million out of which Shui On Construction Company, a unit of SOCAM Development (0983) controlled by local tycoon Vincent Lo Hong-shui, accounted for HK$25.2 million with a contract for the design and construction of the Hong Kong Garden in the Qingdao International Horticultural Exposition 2014.
According to its website, the International Horticultural Exposition is regarded as the “Olympics” for the international horticultural community.