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In an alliance with the Department of Planning, Transport and Infrastructure, Aurecon Australasia and GHD, CPB Contractors will deliver the Joy Baluch AM Bridge Duplication in Port Augusta; the Port Wakefield Overpass and Highway Duplication; and the Augusta Highway Planning Project located between Port Augusta and Port Wakefield.
The projects, funded by the South Australian and Australian governments, will generate revenue of approximately $236.8 million to CPB Contractors.
CIMIC Group Chief Executive Officer Juan Santamaria said: “CPB Contractors will draw on its proven capability to efficiently deliver these major road projects through an alliance style contract, consistent with our strategy of effectively managing risk. These three upgrades will provide improved road safety, reduced traffic congestion and greater network resilience for the communities of regional South Australia.”
CPB Contractors Managing Director Diego Zumaquero said: “We are pleased to be working with the South Australian Government to ensure that these infrastructure projects are delivered safely and according to schedule. A key focus will be on maximising social and economic benefits to the regional and indigenous community, including employment, training and economic opportunities.”
Work will commence this year and is scheduled to be completed in 2022.
About CIMIC Group Limited
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.
Contact: Mr Justin Grogan, Investor Relations; T+61(2) 9925 6628.
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