LEI Leighton Fpo

By Freidrich Geiger

A Leighton Holdings Ltd. (LEI.AU) joint venture has been awarded a contract by MTR Corporation (0066.HK) for the construction of an underground railway station and works on a tunnel in Hong Kong, the Australian construction group said Friday.

The value of the contract awarded to the joint venture between subsidiary Leighton Asia and China State Construction Engineering (Hong Kong) is 929 million Australian dollars ($763 million). Leighton's share of the revenue is 51%.

The works, which will commence in January 2015, involve the construction of an underground station and 300 meters of tunnel. The station will serve Hong Kong's Convention Centre and the North Wanchai area, completing the new railway link connecting New Territories and north Hong Kong.

Leighton is majority-owned by Germany's Hochtief AG (HOT.XE).

Write to Freidrich Geiger at Freidrich.Geiger@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires