CIMIC's Leighton Asia wins A$110M building project in India
CIMIC Group company, Leighton Asia, has been selected by developer Bayaweaver Ltd. as its Alliance partner to construct the ‘Oh My God’ mixed use development project in Noida, India.
The project will generate revenue of approximately A$110 million1 for Leighton Asia, which is part of CIMIC Group construction company CPB Contractors.
Construction is expected to complete in mid-2022.
CIMIC Group Chief Executive Officer Michael Wright said: “CIMIC Group and Leighton Asia have a strong track record of delivering premium commercial and residential projects across India, using our local knowledge and international experience to provide clients with unique insights that achieve the best outcomes.
“This award recognises Leighton Asia’s considerable expertise in the high-end building sector and positions us well to capture future opportunities within the highly competitive Asian market.”
CPB Contractors Managing Director Juan Santamaria said: “It is our privilege to support the growth of the Noida region and to leverage our industry-leading engineering capabilities and workforce solutions to construct new commercial and social precincts of long-term value.”
The ‘Oh My God’ project comprises of a 38-storey tower with 736 studio apartments, the Radisson Red hotel, retail outlets and car parks, and a further three-storey retail building.
1 Using the exchange rate of US$1=A$1.3889
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CIMIC Group Limited (ASX: CIM) is a world-leading infrastructure, mining, services and public private partnerships group. We have businesses in construction (CPB Contractors and Leighton Asia), mining and mineral processing (Thiess and Sedgman), operation and maintenance services (UGL), public private partnerships (Pacific Partnerships) and engineering (EIC Activities). Our mission is to generate sustainable shareholder returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and more than 50,000 people in 20 countries, we strive to be known for our principles of Integrity, Accountability, Innovation and Delivery, underpinned by Safety. CIMIC is a member of the S&P/ASX 100 index, the Dow Jones Sustainability Australia Index and FTSE4Good.