SWIRE Properties and CITIC Pacific have awarded a $2.2 billion contract for the development of their Festival Walk project at Yau Yat Chuen to Sanfield Building Contractors, Sun Hung Kai Properties' construction arm. The subcontract for lifts and escalators for the retail centre was awarded to Schindler Lifts (Hong Kong). The complex will be served by more than 100 escalators and lifts, making this one of the largest contracts of its kind. Sanfield is expected to commence work on site at the end of this year. The 23-month contract for the retail portion includes the basic finishing for around 250 shops and supervision of the fitting out. The retail complex is expected to open by the end of 1997.