Hong Kong’s MTR Corp wins bid as part of group to build new Sydney station, properties

AI Summary

Hong Kong's MTR Corporation has successfully won a bid to build a new metro station and develop properties in Sydney’s second central business district, Australia. The project is valued at approximately A$880 million, representing a significant real estate and infrastructure deal in the transport sector.

Hong Kong rail giant the MTR Corporation has won a bid as part of a consortium to design and build a metro station and develop property in Sydney’s second central business district in Australia. The corporation said on Tuesday that it and its two partners – both subsidiaries of Malaysian engineering firm and developer Gamuda Berhad – won the bid as the joint-venture Riverside Link Consortium, with Australian media reporting the deal was worth A$880 million (HK$4.99 billion). The deal is a major...