Gammon Construction Limited, a market-leading contractor in Hong Kong in which Balfour Beatty has a 50% shareholding, has been awarded by Cathay Pacific Services Ltd, a HK$4.2 billion (£353 million) air cargo terminal construction contract, in joint venture with Hip Hing Construction Co Ltd.

The contract for the new terminal at Hong Kong International Airport, Chek Lap Kok, will engage a workforce of over 1,000 at the peak of the project’s construction period.

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Balfour Beatty Chief Executive, Ian Tyler, said: "We are delighted to have been awarded this contract to enhance Hong Kong’s status as an international airfreight hub. Along with our joint venture partner, we are committed to the delivery of a terminal of the highest quality, while maintaining excellent standards of safety.”

The new terminal, which is approximately 280,000 square metres, is scheduled for completion in 2013.

(CD/NS)