Leighton Holdings Limited (ASX:LEI)has won a $1.15 billion contract to build Sydney's north west rail link in a joint venture with Dragados.
The New South Wales government contract includes the construction of two 15km rail tunnels and the excavation of new underground stations for the link.
The venture is 75 per cent owned by Leighton subsidiaries Thiess and John Holland, with Dragados holding the balance.
The rail tunnels will run between Bella Vista and Epping and the project also includes civil works for five of the eight new stations and two service facilities.
CEO Hamish Tyrwhitt says the rail link is suited to Leighton’s construction and tunnelling abilities.
Leighton delivered a net profit of $442 million in its 2012 financial year.
LEI Price at posting:
$15.08 Sentiment: None Disclosure: Held
