Third bypass contract for Chun Wo

The Chun Wo led joint venture of Chun Wo, China Railway Group and China Major Bridge Engineering Company has been awarded a third contract for the Central Wan Chai Bypass to be constructed in Hong Kong, China.

The contract was valued at around HKD 4bn (USD 514.43M) and was awarded by the Highways Department of the Hong Kong Special Administrative Region. Under the terms agreed, Chun Wo will construct a 300m tunnel at East Portal in the North Point area of the Eastern District of Hong Kong as well as roadworks, demolition and other associated works.

The tunnel forms part of the 4km bypass. When completed, it will serve about 60 per cent of the current East Island Corridor traffic. Total cost of the overall project was projected at HKD 20.5bn (USD 2.64bn) in 2008.

Mr Derrick Pang, deputy chairman of Chun Wo, said, “We are delighted that Chun Wo has successfully secured a handful of new projects at the start of the year, especially another project for the Central-Wan Chai Bypass. The awarding of these contracts to Chun Wo fully represents recognition of our strong abilities in delivering quality construction works.”

He added, “With the support of the Hong Kong government upgrading of the Special Administrative Region’s infrastructure and for the construction industry, Chun Wo is well-equipped to benefit from the resulting growing demand from the booming industry.”