CIMIC’s CPB contractors selected for $195m north east link early works

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by Anna Napoli

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Last Updated: 6/12/2019 11:43 AM

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

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.