Cimic Group’s Limited
(ASX:CIM) Leighton Contractors has won a contract to design and construct Sydney’s M4 East Motorway as part of a JV with John Holland and Samsung C & T.
The contracting company says the project will be worth $2.76 billion with Leightons set to make around $900 million over the next four years.
CEO Marcelino Fernandez Verdes says the Westconnex project will drive economic growth by easing congestion, while also creating jobs.
The extension will total seven kilometres with 5.5 kilometres of tunnels.
The company says work will start in 2016 with the M4 East open to traffic in 2019.
CIMIC Group was previously named Leighton Holdings and reported a $678.6 million net profit in the 2014 calendar year.
