Indonesian Political, Business & Finance News

Dragages wins RI job

| Source: REUTERS

Dragages wins RI job

HONG KONG (Reuter): Dragages et Travaux Publics said yesterday it had won contracts in Singapore and Indonesia worth a total of US$149 million.

Dragages et Travaux said in a statement it had been appointed by Singapore developer Hong Leong Holdings for the design and construction of the Hazel Park condominium in Singapore, which was worth $119 million.

Its Indonesian arm, PT Dragages Indonesia, was appointed main contractor in a joint venture with local construction company Total Bangun Persada by PT Bentala Mahaya for phase one of the Kota Kasablanca development in Central Jakarta, it said.

The contract was worth $30 million, it said.

Both PT Dragages Indonesia and Dragages et Travaux are part of Paris-based construction conglomerate Bouygues Group which has its Asian headquarters in Hong Kong.

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