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Hong Kong awards
00:00 02 Jun 1994
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l Brits win in Hong Kong
British contractors have snatched the lion's share of œ70 million-worth of new contracts on Hong Kong airport. A joint venture between Gammon Construction (50% owned by Trafalgar House) and Japan's Nishimatsu has a HK$465 million (œ40 million) contract to construct the foundations of the 1.2km-long airport passenger terminal. A China Fujian/ Downer/Alfred McAlpine consortium has won a HK$124 million (œ10.7 million) contract for temporary utilities, roads and bridges on the project.
l Tarmac Construction's head
Douglas Watkinson has been appointed managing director of Tarmac Construction International, based in Wolverhampton. Watkinson, 46, a chartered civil engineer, will be responsible for developing and expanding Tarmac's international civil engineering business.
l Pegson goes public
Plant manufacturer Pegson is to go public next month, seven years after being the subject of a management buy out. The mbo team is selling 40% of the company which is valued at around œ12 million. The current owners purchased Pegson for œ1.2 million in 1987.
l Harris gets Scottish office
Cost consultant EC Harris has incorporated Edinburgh-based project manager Gibson & Simpson into its operations, giving the firm its first Scottish office.
l Italian Electric to be valued
Consultant Merz and McLellan is to review the asset valuation and capital expenditure programme of ENEL, Italy's national electric company, which has a turnover of œ17.6 billion, prior to it being privatised.
l Scots to see œ300m of roads
More than œ300 million worth of new roads in Scotland have been given the go-ahead by Scottish secretary Ian Lang. Thirteen projects are to start over the next three years, including further upgrades on the A1, A74 and on the motorway network in central Scotland.
l J&B assets raise œ200,000
Over œ200,000 has been raised from the sale of assets which belonged to former Cambridge based contractor Johnson & Bailey,which crashed with debts of more than œ2 million.
British contractors have snatched the lion's share of œ70 million-worth of new contracts on Hong Kong airport. A joint venture between Gammon Construction (50% owned by Trafalgar House) and Japan's Nishimatsu has a HK$465 million (œ40 million) contract to construct the foundations of the 1.2km-long airport passenger terminal. A China Fujian/ Downer/Alfred McAlpine consortium has won a HK$124 million (œ10.7 million) contract for temporary utilities, roads and bridges on the project.
l Tarmac Construction's head
Douglas Watkinson has been appointed managing director of Tarmac Construction International, based in Wolverhampton. Watkinson, 46, a chartered civil engineer, will be responsible for developing and expanding Tarmac's international civil engineering business.
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l Pegson goes public
Plant manufacturer Pegson is to go public next month, seven years after being the subject of a management buy out. The mbo team is selling 40% of the company which is valued at around œ12 million. The current owners purchased Pegson for œ1.2 million in 1987.
l Harris gets Scottish office
Cost consultant EC Harris has incorporated Edinburgh-based project manager Gibson & Simpson into its operations, giving the firm its first Scottish office.
l Italian Electric to be valued
Consultant Merz and McLellan is to review the asset valuation and capital expenditure programme of ENEL, Italy's national electric company, which has a turnover of œ17.6 billion, prior to it being privatised.
l Scots to see œ300m of roads
More than œ300 million worth of new roads in Scotland have been given the go-ahead by Scottish secretary Ian Lang. Thirteen projects are to start over the next three years, including further upgrades on the A1, A74 and on the motorway network in central Scotland.
l J&B assets raise œ200,000
Over œ200,000 has been raised from the sale of assets which belonged to former Cambridge based contractor Johnson & Bailey,which crashed with debts of more than œ2 million.
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