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CIMIC's CPB Contractors Wins Parramatta Light Rail Stage 1 - CIMIC Group company CPB Contractors has been selected by the NSW Government to build Stage 1 of the Parramatta Light Rail project in a 50:50 joint venture with Downer - CIMIC.com.au
CIMIC's CPB Contractors Wins Parramatta Light Rail Stage 1

 

PRZOOM - /newswire/ - Sydney, Australia, 2018/12/20 - CIMIC Group company CPB Contractors has been selected by the NSW Government to build Stage 1 of the Parramatta Light Rail project in a 50:50 joint venture with Downer - CIMIC.com.au. ASX: CIM

   
 
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The design and construct Infrastructure Works contract will generate revenue to CPB Contractors of $420 million.

CIMIC Group Chief Executive Officer Michael Wright said: “The Parramatta Light Rail project strongly aligns with CIMIC Group’s expertise in providing city-shaping infrastructure to enable economic growth and meet the needs of future generations.

“We’re pleased to work collaboratively with NSW Government to bring our disciplined planning and project delivery to enable the ongoing development of Parramatta as a vibrant and increasingly important business and community centre.”

CPB Contractors Managing Director Juan Santamaria said the project continued CPB Contractors’ strong growth in the rail sector and its commitment to western Sydney.

“Our experience on Sydney Metro and the Gold Coast and Canberra light rail projects means we understand how to deliver this important project working closely with the government, local businesses and the wider community.

“With our involvement in the early earthworks for Western Sydney Airport and delivery of The Northern Road upgrade between Luddenham and Glenmore Park, we’re also pleased to continue playing a key role in western Sydney’s rapid development.”

Parramatta Light Rail Stage 1 will connect Westmead to Carlingford via the Parramatta CBD and Camellia with a 12-kilometre, two-way track. The project includes construction of:

• Light rail track, roadworks and stop platforms;
• Transport interchanges at Westmead, Parramatta CBD and Carlingford; and;
• New light rail and pedestrian zones along Church and Macquarie Streets in the Parramatta CBD, and urban design.

Construction will commence in 2019, with Stage 1 scheduled to begin services in 2023.

Issued by CIMIC Group Limited ABN 57 004 482 982

Contacts
Mr Justin Grogan, Investor Relations T+61 2 9925 6628

CIMIC Group Limited (cimic.com.au) is a world-leading infrastructure, mining, services and public private partnerships group. We have businesses in construction (CPB Contractors and Leighton Asia), mining and mineral processing (Thiess and Sedgman), operation and maintenance services (UGL), public private partnerships (Pacific Partnerships) and engineering (EIC Activities). Our mission is to generate sustainable shareholder returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and more than 50,000 people in 20 countries, we strive to be known for our principles of Integrity, Accountability, Innovation and Delivery, underpinned by Safety. CIMIC is a member of the S&P/ASX 100 index, the Dow Jones Sustainability Australia Index and FTSE4Good.

 
 
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Agency / Source: HOCHTIEF AG

 
 

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CIMIC's CPB Contractors Wins Parramatta Light Rail Stage 1

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CIMIC Group Limited |
Contact: Ms Fiona Tyndall - CIMIC.com.au 
+61(2) 9925 6188
 
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