The deal will include work on foundation and substructures for the airport’s Terminal 2 (T2).
Leighton Asia is part of CIMIC Group’s construction unit CPB Contractors. It holds a total 70% stake in the JV.
CIMIC Group CEO Adolfo Valderas said: “We are pleased to play a greater role in the development of one of the world’s fastest growing airports, following our selection this year to deliver the A$278m ($210.5m) Terminal 1 expansion for the Airport Authority Hong Kong.
“CIMIC and Leighton Asia’s engineering capabilities and track record of successfully providing certainty for clients within complex aviation works programmes positions us strongly for projects such as those at Hong Kong International Airport.”
Leading the JV, Leighton Asia will deliver the foundations for the upgraded T2, as well as two annex buildings and associated viaducts.
The company will also carry out construction of the T2 basement and advance works such as the south annex building’s structures, diaphragm walls, and utility services.
CPB Contractors and Leighton Asia managing director Juan Santamaria said: “This award is a continuation of our strong working relationship with Airport Authority Hong Kong to deliver world-class assets of long-term value.
“Our team is committed to utilising innovative and cost-effective construction solutions to achieve the project’s planned operational, economic, and social benefits.”
Construction is expected to begin later this year and will be completed by December 2021.