Decmil Group preferred tenderer for Mordialloc freeway

Company News

by Rachael Jones

Infrastructure company Decmil Group (ASX:DCG) is pleased to announce that, in joint venture with McConnell Dowell, it has been appointed preferred tenderer by Major Road Projects Victoria for the Mordialloc Freeway project.

An early works contract valued at $25 million has been awarded for detailed design works to commence immediately.

The main works are expected to be awarded by the end of 2019 upon completion of the Environmental Planning Approval process currently underway.

The project will link the Mornington Peninsula Freeway to the Dingley Bypass.

Shares in Decmil Group (ASX:DCG) closed 1.72 per cent higher to $0.89 yesterday.
 

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.