Publications

Transactions - MAY 24, 2018

CIMIC’s Leighton Asia wins $288m transport infrastructure works

by Jody Barhanovich

CIMIC Group company, Leighton Asia, as partner in a joint venture, has been selected by Singapore’s Land Transport Authority to deliver a A$540 million ($408.8 million) tunnel and infrastructure contract (N103 contract works), as part of the North-South Transportation Corridor project.

Revenue to Leighton Asia, which is part of CIMIC Group construction company CPB Contractors, will be approximately A$380 million ($287.7 million), with the project being delivered in joint venture with local Singapore contractor Yongnam Engineering & Construction.

Construction is scheduled to commence in the second quarter of 2018 and be completed by 2026.

The N103 design and construction contract works include 640 meters of twin, three-lane vehicular tunnels; the underpinning of an existing expressway flyover; a new facility building; and an entrance ramp and exit ramp.

On completion, the North-South Corridor project will be Singapore’s first integrated transport corridor, relieving major traffic network congestion and better connecting the northern sectors of Singapore with the central city area.

In addition to this recent award, Leighton Asia’s Singapore business is working with the Land Transport Authority to build Springleaf Station and associated rail tunnel on the Thomson-East Coast Line. This follows the team’s successful completion of the Downtown Line 3 Jalan Besar Station and tunnels.

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