Source: cairnsnews.org
State-owned Chinese company buys John Holland - key provider for Defence Department in construction in $1.15b deal
John Holland is the Defence Department’s key provider of construction services, with contracts of about $570 million in 2014, according to the Australian Defence Magazine,which releases an annual report on defence contractors.
John Holland provides a wide range of services to the department, including administration and medical facilities, airfields, aircraft hangars, maintenance workshops, vehicle shelters, and armouries.
The company often works on fully operational Defence bases to complete contracts such as a $110 million contract to develop new buildings for the department’s Robertson Barracks in Darwin.
Some of John Holland’s projects for the Defence Department have required staff to receive security clearances approved by the Australian Security Intelligence Organisation.
China Communications, which is listed on the Hong Kong and Shanghai stock exchanges, specialises in large transport projects, including bridges, ports, and high-speed rail networks such as the 1318-kilometre rail link between Beijing and Shanghai.
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