CIMIC Group (ASX:CIM) company CPB Contractors has been selected by the Victorian Government to deliver the Early Works package for Melbourne’s North East Link.
The contract will generate revenue to CPB Contractors of up to approximately $195 million.
The North East Link is the biggest road transport project in Victoria’s history. Once completed, the $15.8 billion North East Link will connect the M80 Ring Road with an upgraded Eastern Freeway and provide an improved road connection.
CIMIC says it's committed to working closely with the Victorian Government to deliver the first stage of the project.
Shares in CIMIC Group (ASX:CIM) closed 1.14 per cent higher at $31.00