Chun Wo Development Holdings Limited announced that Chun Wo has recently won three contracts valued at HK$2,351 million for construction works of the Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL), Kwun Tong Line Extension and South Island Line (East) from the MTR Corporation Limited (MTR). These three mega-sized contracts raised Chun Wo's total contract value on hand to HK$19.1 billion.
     The Express Rail Link Construction Contract is valued at approximately HK$1,170 million and will be completed in 2015. The link within Hong Kong is approximately 26 km long running from West Kowloon to the boundary of Hong Kong. The scope of works comprises the manufacture, supply, delivery, installation, rail grinding, testing, commissioning and integrated tests for the trackwork, overhead line system and drainage system as well as related ancillary works. This project is to be undertaken by the Chun Wo-CRGL-QR Joint Venture, which is a collaboration between Chun Wo, China Railway Group Limited and QR Limited.
     The Kwun Tong Line Extension's Whampoa Station and overrun tunnel contract is valued at approximately HK$856 million. The works involved include the construction of a new underground station and overrun tunnel in the densely populated residential area of Whampoa. The works have already commenced during May 2011 and are expected to take about four years to complete.
     The value of the South Island Line (East) construction contract is approximately HK$325 million and will take 19 months to complete. It includes land formation and piling works for the Wong Chuk Hang Depot Site, design and construction of a barging point, reconstruction and modification of existing roads, re-provisioning of existing facilities and construction of a temporary bus terminus.
     Both the Kwun Tong Line Extension and South Island Line (East) projects have already been undertaken by a joint venture partnership with Hip Hing Construction Company Limited.