Subsidiaries build terminal in San Diego

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Subsidiaries of the HOCHTIEF construction group have landed a multi-billion dollar contract in the USA.

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Hannelore Foerster/Getty Images

Like the group HIGH LOW announced that a joint venture between Turner and Flatiron is building a new terminal at San Diego International Airport for $ 2.265 billion.

Construction is scheduled to begin at the end of 2021. A first part of the new terminal is scheduled to open in 2025, the second part in early 2027.

The HOCHTIEF share was promoted to the market before the trading day: on the Tradegate trading platform, the shares were listed almost five percent above the Xetra closing price on Monday.

A trader assessed the order positively for the construction company because it was a billion-dollar project. The Hochtief subsidiaries Flatiron and Turner put the volume at the equivalent of almost two billion euros in a joint statement. The old terminal built in the 1960s is to be replaced in the California city. FRANKFURT (Dow Jones Newswires / dpa-AFX)


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