CIMIC Group’s CPB Contractors win $379m Nepean Hospital project

Company News

by Jessica Amir

CIMIC Group’s (ASX:CIM) CPB Contractors have won a NSW Government contract worth almost $400 million.

The project involves the building  and construction a new 14-storey clinical building, for Nepean Hospital Redevelopment Stage 1.

The government funded project at the existing hospital in Kingswood in Western Sydney, will include a new emergency department, more than 200 overnight beds and over 12 new operating theatres.

Work has already kicked off and it will be completed in 2021. 

CPB Contractors’ were recently selected by the NSW Government to develop the Campbelltown Hospital Redevelopment Stage 2 project.

CIMIC Group is dominate in providing infrastructure to Australia’s health facilities and motorways.

Shares CIMIC Group (ASX:CIM) are trading 0.1 per cent lower at $31.39. Year-on-year its trading 37 per cent lower. On five years its up 37 per cent.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.