CIMIC wins $107m Wagga Wagga Health Works contract

Company News

by Anna Napoli

CIMIC Group's (ASX:CIM) CPB Contractors has been selected by the NSW government to design and construct the Wagga Wagga Health Service Stage 3 Redevelopment Project.

The project will generate revenue of $107 million to the company.

Construction is expected to commence this month with operational commissioning scheduled for late 2020.

The project comes on the back of CIMIC's recent $116 million Coffs Harbour Hospital Expansion Main Works and the 2018 completion of Sydney's Northern Beaches Hospital.

Shares in CIMIC Group (ASX:CIM) are trading 0.54 per cent lower to $45.73.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.