NewswireTODAY - /newswire/ -
Sydney, Australia, 2019/08/14 - CIMIC Group company CPB Contractors has reached contractual close to deliver Auckland Airport’s Taxiway Mike and Remote Stands Stage 2 project, a critical component in the facility’s major capital works program - AucklandAirport.co.nz / CPBCon.com.au. ASX: CIM
The contract will generate revenue to CPB Contractors of approximately NZ$221 million over the next two years.
Works include construction of an additional taxiway, extension of an existing taxiway and six remote stands with in-ground jet fuel reticulation, as part of a major expansion at New Zealand’s largest and busiest airport.
CIMIC Group Chief Executive Officer Michael Wright said: “New Zealand remains an important focus for the CIMIC Group as we expand our delivery of infrastructure to benefit communities now and into the future.
“The Auckland Airport works are an important addition to our strong portfolio of transport and social infrastructure projects across the country.”
CPB Contractors Managing Director Juan Santamaria said: “CPB Contractors has a strong and experienced team in New Zealand and we’re proud to include Auckland Airport as a new client.
“We look forward to working closely with Auckland Airport to deliver this important project safely and efficiently.”
Works include 900,000 cubic metres of earthworks, laying 130,000 cubic metres of aggregate basecourse, 168,000 square metres of concrete pavement, construction of 3,200m stormwater drainage system, runoff and treatment lagoon, and a 2,200m in-ground jet fuel network.
The project is expected to be completed by October 2021.
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 100 index, the Dow Jones Sustainability Australia Index and FTSE4Good.
Contact: Mr Justin Grogan, Investor Relations; T+61(2) 9925 6628.