CIMIC group's CPB contractors win Coffs hospital expansion

Company News

by Rachael Jones

CIMIC (ASX:CIM) Group company CPB Contractors has been selected by the NSW Government to construct the Coffs Harbour hospital expansion main works.

The project will include a new five-storey clinical services building and will generate revenue of approximately $116 million to CPB Contractors.

Construction is expected to commence in April 2019 and conclude by the end of 2021.

Shares in CIMIC (ASX:CIM) are trading 3.2 per cent higher at $44.13.

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.