Chinese parent pumps $500m into John Holland after $152m loss

Construction giant John Holland has received a $500 million lifeline from its Chinese parent after losses on major infrastructure projects pushed the company into a $152 million deficit. The company has been hit by cost overruns and execution challenges across several large-scale transport and infrastructure contracts. The funding injection is intended to stabilise operations and support ongoing project delivery. John Holland is one of Australia’s largest construction and engineering contractors, delivering major rail and infrastructure projects across the country.