CIMIC Group Limited’s
(ASX:CIM) Leighton Contractors is set to work on a Victorian rail project after being named as a preferred contractor with its alliance partners.
The Victorian Government has chosen the alliance to design and construct four of Melbourne’s level crossing removals as part of a $480 million project.
CIMIC expects revenue to Leighton Contracts to be confirmed at contract execution in the coming months.
CEO Marcelino Fernandez Verdes says Australian infrastructure investment like this is creating a pipeline of work suited to the company's expertise.
CIMIC Group was previously named Leighton Holdings and reported a $678.6 million net profit in the 2014 calendar year.
