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NewswireTODAY - /newswire/ -
Sydney, Australia, 2018/07/16 - CPB Contractors, as part of the Rail Infrastructure Alliance (RIA), has been named as the Victorian Government’s preferred proponent to deliver a $1 billion package of works in support of the $11 billion Metro Tunnel Project - MetroTunnel.Vic.gov.au. ASX: CIM
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CIMIC Group company, CPB Contractors, as part of the Rail Infrastructure Alliance (RIA), has been named as the Victorian Government’s preferred proponent to deliver a $1 billion package of works in support of the $11 billion Metro Tunnel Project.
CPB Contractors (cpbcon.com.au) and John Holland are equal construction partners in the RIA (metrotunnel.vic.gov.au), with AECOM as the design partner. The RIA also comprises project owner Rail Projects Victoria (formerly the Melbourne Metro Rail Authority) and operational franchisee Metro Trains Melbourne.
Revenue to CPB Contractors for the design and construct contract will be confirmed at contractual close, expected in the coming months.
Construction is expected to commence in late 2018 and be completed in 2025.
This is the second package of Metro Tunnel works to be delivered by CPB Contractors, following the award of a $1 billion design and construct contract as part of the Rail Systems Alliance (RSA) in December 2017.
CIMIC Group Chief Executive Officer Michael Wright said: “Investment in major rail infrastructure in Victoria is providing CIMIC Group and CPB Contractors with a strong pipeline of opportunities, and it is our privilege to be delivering these significant works to support this city-shaping public transport initiative.
“CIMIC’s in-house engineering consultancy, EIC Activities, is also playing a key role in assessing all geotechnical and civil structure designs and challenges, to offer quality, cost-effective construction methodologies and solutions for the Alliance.”
CPB Contractors Managing Director Juan Santamaria said: “Our strong construction presence in Victoria allows us to offer innovative and agile workforce solutions to support the Metro Tunnel Project.
“Our engineering and technical teams already working to complete a number of the State’s major projects will seamlessly transition to the Metro Tunnel bringing their local knowledge and international experience to ensure all client and community expectations are realised.”
This fourth major works package for the Metro Tunnel Project covers the existing Sunbury rail line between the western tunnel entrance in Kensington and Tottenham, and the Dandenong rail line between the eastern tunnel entrance in South Yarra and Caulfield Station.
Major works for the Alliance include the design and construction of entrance structures that will interface with Metro Tunnel works at South Yarra and Kensington.
About CIMIC Group Limited
CIMIC Group Limited (cimic.com.au) is a world-leading infrastructure, mining, services and public private partnerships group. We have businesses in construction (CPB Contractors and Leighton Asia), mining and mineral processing (Thiess and Sedgman), operation and maintenance services (UGL), public private partnerships (Pacific Partnerships) and engineering (EIC Activities). Our mission is to generate sustainable shareholder returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and more than 50,000 people in 20 countries, we strive to be known for our principles of Integrity, Accountability, Innovation and Delivery, underpinned by Safety. CIMIC is a member of the S&P/ASX 200 index, the Dow Jones Sustainability Australia Index and FTSE4Good.
Contact: Mr Justin Grogan, Investor Relations; T:+61(2) 9925 6628.
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