LEI Leighton Fpo

German construction company Hochtief AG (HOT.XE) Monday said its Australian unit Leighton Holdings Ltd. (LEI.AU) has been awarded a contract to redevelop Royal Hobart Hospital in Tasmania.

MAIN FACTS:

-Leighton subsidiary John Holland has been awarded a contract worth 365 million Australian dollars ($328 million)by the Department of Health and Human Services.

-It includes constructing a new building of two towers and ten floors to accommodate operating theatres, women's clinics, endoscopy, paediatrics, maternity and mental health functions together with the refurbishment of existing clinical areas and site wide infrastructure upgrades.

-The project is expected to get underway later this month with detailed designs, while construction works are scheduled for completion in June 2017.

-Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

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