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Leighton Holdings Limited (ASX:LEI) has announced that its wholly owned subsidiary, Thiess, will earn $285 million from a rail contract as the main constructor on TrackStar Alliance.
TrackStar Alliance will undertake the $475 million Darra to Springfield Transport Corridor Stage 2 Richlands to Springfield project in south east Queensland.
The project is described as a vital piece of public transport infrastructure for the growing region.
Under the newly signed contract Thiess will deliver civil works, including the construction of two new stations.
The dual track passenger rail line is due to be finished in 2013.
Leighton Holdings booked a net loss of $406 million in fiscal 2011.
News: Thiess to earn $285M from rail project
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