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AUSTIN CONSORTIUM AWARDED CONSTRUCTION CONTRACT FOR OLYMPICS YOUTH CENTER FACILITIES AT TOKYO

 TOKYO, Jan. 13 /PRNewswire/ -- A consortium comprising The Austin Company and two Japanese contractors announced today that it had been awarded a $337-million contract to construct facilities for research, training and housing for the National Olympics Memorial Youth Center at Tokyo.
 Toda Corporation, a leading contractor headquartered at Tokyo, heads the consortium.
 Osaka-based Asanuma Corporation is the other member of the joint venture.
 The consortium, known as Toda-Asanuma-Austin Construction J/V, will be responsible for two facilities.
 The first, a 10,000-square-meter (116,000-square-foot) building with nine stories above ground and one floor below grade, will contain an international conference center as well as housing accommodations for visiting students and academics.
 The second building, a four-story structure with a total floor area of 5,900 square meters (63,500 square feet), will provide additional housing accommodations.
 Construction of the facilities is expected to begin in late February and be completed by March 1995.
 Austin's role in the project includes construction management, value engineering, and selection of subcontractors and material manufacturers.
 The youth center program is one of the so-called MPA (Major Project Agreement) projects negotiated by the United States and Japan in 1992. This agreement designates certain projects as specifically open to participation by U.S. engineering and construction firms.
 The contract for the project was awarded by the Japanese Ministry of Construction after competitive bidding by nine teams, each led by a major Japanese contractor.
 The National Olympics Memorial Youth Center will be the fifth major project in which Austin is engaged in Japan.
 Two of these projects are at the Kansai International Airport at Osaka. There, Austin is designing, constructing and installing the baggage handling system in collaboration with Kawasaki Heavy Industries.
 As the same time, Austin is designing and engineering the international air-cargo terminal in partnership with MHS Planners, Architects and Engineers of Japan.
 At Hiroshima, Austin is teamed with MHS and Create Yamamoto of Japan to design, engineer and administer the construction of the main passenger terminal at the New Hiroshima International Airport. The terminal is scheduled for completion by the summer of 1993.
 At Osaka, Austin is a member of a consortium led by Obayashi Corporation that is constructing Wing B of the Asia and Pacific Trade Center.
 This 74,000-square-meter (796,000-square-foot) facility will comprise a wholesale mart, large exhibition areas, multipurpose halls and offices, as well as support and service amenities.
 The Austin Company is an international organization of consultants, designers, engineers and constructors. Austin serves industrial, commercial and governmental markets. Headquartered at Cleveland, where it was founded in 1878, the company operates through 40 offices in North America, Europe, Australia and Japan. There are associated companies in Argentina, Brazil and Italy.
 Austin has maintained an office in Japan continuously since 1972.
 -0- 1/13/93
 /CONTACT: The Austin Company, public relations department, 216-291-6644, or 216-291-6625/


CO: The Austin Company ST: Ohio IN: CST SU: JVN

BM -- CL007 -- 4411 01/13/93 10:52 EST
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Date:Jan 13, 1993
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