The NSW Government funded project, involving construction of a new 14-storey clinical building, will generate revenue of approximately $379 million to CPB Contractors. The award follows CPB Contractors’ recent selection by the NSW Government to deliver the Campbelltown Hospital Redevelopment Stage 2 project.
Work has already commenced at Nepean Hospital and is expected to be completed in 2021.
The new facility, across a building area of over 55,000m2 at the existing hospital site in Kingswood in Western Sydney, will include a new emergency department, more than 200 overnight beds and more than 12 new operating theatres.
CIMIC Group Chief Executive Officer Michael Wright said: “CIMIC Group continues to provide essential infrastructure for local communities, including health facilities, public transport infrastructure and new motorways.
“We’re committed to leveraging our strong experience and wide-ranging skills to meet these vital community needs now and for future generations.”
CPB Contractors Managing Director Juan Santamaria said: “The Nepean Hospital Redevelopment Stage 1 builds on CPB Contractors’ growing portfolio of hospital projects and our strong commitment to Western Sydney.
“CPB Contractors is proud to continue our close working relationships with the NSW Government and Western Sydney communities.”
CPB Contractors (cpbcon.com.au) is currently also delivering the Wagga Wagga Health Service Stage 3 Redevelopment, the Coffs Harbour Hospital Expansion Main Works, and the Campbelltown Hospital Redevelopment.
The company’s other projects in Western Sydney include Parramatta Light Rail Stage 1, The Northern Road Stages 5 and 6 upgrades, and early earthworks contracts for Western Sydney Airport.
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.