Leighton Holdings Ltd (ASX:LEI) has announced that its wholly owned subsidiary John Holland has won a $276 million marine contract.
The new port facility forms part of the early works for Rio Tinto Ltd's (ASX:RIO) Cape Lambert Port B project in the north-west of Western Australia.
Planned construction includes a 920-meter jetty and two-berth wharf with new ship loading facilities and piping works.
Cape Lambert port capacity is expected to increase by 50 million tonnes per annum, as a result of the collaboration between John Holland's Energy and Resources and Western Region businesses.
John Holland's general manager of Energy and Resources, Brendan Petersen, says the contract win consolidates the company's relationship with Rio Tinto.
Adding, that the company is encouraged by Rio's commitment to invest additional capital into the projects in the Australian resources sector.
Construction will start immediately and is expected to be finished in late 2012.
Leighton Holdings reported a profit of $615.13 million for the year to 30 June 2010.
LEI Price at posting:
$33.11 Sentiment: None Disclosure: Held
