UK group 1676 Serco has won the contract to operate and maintain toll roads in Hong Kong as it looks to push further into the transport sector.
Beginning in September, the contract is worth US$123 million over a minimum six-year base period to manage, operate and maintain the Tsing Sha Control Area of toll roads.
Serco has been contracted to engage in toll collection, controlling and regulating traffic, vehicle recovery and rescue, patrols and handling of incidents. The contract also covers scheduled works including regular inspection and routine maintenance of bridges, buildings, tunnels, equipment, traffic signals and IT systems.
Serco chief executive Christopher Hyman said the group was pleased to expand its existing relationship with Hong Kong's Transport Department and extend its recent contract wins in the transport area.
He went on, "This announcement builds upon our recent significant contract win with the1747 Virginia Department of Transportation in the US, and strengthens our global transport capabilities in preparation for further growth driven by expanding middle classes and mass urbanisation. We anticipate further management, operation and maintenance opportunities in Asia, together with other exciting transport opportunities in Australia, India and the Middle East, all of which will leverage Serco's international skills and capabilities in this important market."
Serco, which already employs over 900 staff in Hong Kong as its largest tunnel operator, said it would partner with a number of specialist providers, including a joint venture partner Lam Construction.
Beginning in September, the contract is worth US$123 million over a minimum six-year base period to manage, operate and maintain the Tsing Sha Control Area of toll roads.
Serco has been contracted to engage in toll collection, controlling and regulating traffic, vehicle recovery and rescue, patrols and handling of incidents. The contract also covers scheduled works including regular inspection and routine maintenance of bridges, buildings, tunnels, equipment, traffic signals and IT systems.
Serco chief executive Christopher Hyman said the group was pleased to expand its existing relationship with Hong Kong's Transport Department and extend its recent contract wins in the transport area.
He went on, "This announcement builds upon our recent significant contract win with the
Serco, which already employs over 900 staff in Hong Kong as its largest tunnel operator, said it would partner with a number of specialist providers, including a joint venture partner Lam Construction.
