German construction company Hochtief (HOT.XE) Wednesday said its units in Australia and the U.S. have secured three contracts worth around EUR490 million.

MAIN FACTS:

-Thiess, a subsidiary of Hochtief's Australian unit Leighton (LEI.AU), will construct gas processing plants for mineral group QGC in Queensland. Work will begin this month and the contract is valued at EUR266.3 million, as earlier reported.

-As part of a joint venture, Thiess will plan and build a new breakwater for Chevron's (CVX) Wheatstone gas project. Thiess' share is worth around EUR104.5 million.

-In the U.S., Hochtief unit Flatiron has been commissioned for a road construction project for the Washington State Department of Transportation, worth around EUR118 million.

-Tuesday, Hochtief said Leighton received a A$1 billion Australian mining contract from OZ Minerals (OZL.AU).

-In the fourth quarter of 2011, Hochtief's incoming orders were around EUR9 billion.

 
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500
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