CIMIC Group company, (ASX:CIM) CPB Contractors, as part of the Rail Infrastructure Alliance, has been awarded a $1 billion package of works by the Victorian Government in support of the $11 billion Metro Tunnel Project.
The Alliance consists of CPB Contractors and John Holland, with AECOM as the design partner, as well as project owner Rail Projects Victoria and rail franchisee Metro Trains Melbourne, of which CIMIC Group company UGL represents 20 per cent.
Revenue to CPB Contractors for the design and construct contract is approximately $400 million.
This is the second package of Metro Tunnel works to be delivered by CPB Contractors, following the award of a $1 billion design and construct contract as part of the Rail Systems Alliance (RSA) in December 2017.
Shares in CIMIC Group company (ASX:CIM) are trading 0.96 per cent higher to $51.44.