CIMIC group wins $1.376b Sydney Metro Works

Company News

by Rachael Jones

CIMIC Group (ASX:CIM) companies CPB Contractors and UGL have been selected to deliver the line-wide works package in support of the Sydney Metro City and Southwest Project, Australia's biggest public transport project.

The NSW Government has awarded the contract providing revenue of $1.376 billion.

Works are due to commence this year and are scheduled to conclude in 2024.

CPB Contractos is currently delivering contracts on Metro City and Southwest and Sydney Metro Northwest, WestConnex M4E and New M5, and UGL’s work includes tunnel fit-outs for the Sydney Metro Northwest and Epping to Chatswood projects.

Shares in CIMIC Group (ASX:CIM) are trading 0.21 per cent lower to $42.23.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.