Aecom Wins Contract From HKSAR Government Highways Department For A New Road Linking Lantau Island And Tsing Yi In Hong Kong
Portfolio Pulse from Benzinga Newsdesk
AECOM (NYSE:ACM), an infrastructure consulting firm, has been selected by the HKSAR Government Highways Department to deliver the Tsing Yi – Lantau Link (TYLL), a new strategic road linking Lantau Island and Tsing Yi in Hong Kong. The project aims to increase capacity and accommodate future traffic demand from the Northern Metropolis development.
August 24, 2023 | 11:00 am
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AECOM's new contract with the HKSAR Government Highways Department for a strategic road project in Hong Kong could potentially boost its revenues and stock price.
AECOM's new contract is a significant development for the company as it expands its operations in Hong Kong. This could lead to increased revenues for the company, which could positively impact its stock price. However, the actual impact will depend on the financial terms of the contract and the company's ability to execute the project successfully.
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