CIMIC GROUP CIMIC Group's construction company, Leighton Contractors, has signed a contract with Roads and Maritime Services for the design and construct element of Sydney's $4.3 billion New M5 Motorway in a joint venture with Dragados and Samsung C&T.
The project will generate revenue of approximately $1.5 billion for Leighton Contractors over four years.
The New M5 tunnel is Stage 2 of WestConnex, Australia's largest integrated transport and urban revitalisation project and is being delivered by Sydney Motorway Corporation (SMC) on behalf of the NSW Government.
CIMIC Group Executive Chairman and Chief Executive Officer Marcelino Fernández Verdes said: 'Australia's investment in economic infrastructure continues to provide a pipeline of opportunities for the CIMIC Group.
'We are committed to assisting our clients with solutions for expanding modern sustainable infrastructure such as WestConnex.'
Leighton Contractors Managing Director Román Garrido said: 'We will be working closely with SMC and our partners to ensure design solutions and construction methodologies achieve the project's objectives.
'Delivery will leverage our team's road and tunnelling capabilities and experience in managing complex interfaces between construction, network operations and surrounding communities.'
The Leighton Dragados Samsung Joint Venture (LDS JV) has extensive Australian and international experience in tunnelling and major infrastructure delivery.
The New M5 will run via twin tunnels from the existing M5 East at Kingsgrove to a new interchange at St Peters, more than doubling capacity of the corridor and substantially improving east‐west corridor access between the Sydney CBD, Port Botany and Sydney Airport precincts and the South West growth areas.
The project will deliver approximately nine kilometres of new tunnels, motorway to motorway connections to the King Georges Road Interchange Upgrade at Beverly Hills, which is currently under construction, and a new interchange at St Peters.
Subject to planning approval, major works are expected to commence in mid‐2016 and the New M5 is scheduled to open to traffic in late 2019.
WestConnex is being delivered in three stages, with the final stage scheduled to open to traffic in 2023.
ENDS
Issued by CIMIC Group Limited ABN 57 004 482 982 www.cimic.com.auMs Marta Olba, Group Manager Investor Relations T+61 2 9925 6134 Ms Fiona Tyndall, General Manager Communications T+61 2 9925 6188
CIMIC Group Limited (ASX: CIM), founded in Australia in 1949, is one of the world's leading international contractors and the world's largest contract miner. CIMIC, previously known as Leighton Holdings, was listed on the Australian Securities Exchange in 1962 and has its head office in Sydney, Australia. CIMIC provides construction, mining, engineering, concessions, and operation and maintenance services to the infrastructure, resources and property markets. It operates in approximately 20 countries throughout the Asia Pacific, the Middle East, Sub‐Saharan Africa and South America and employed approximately 23,000 people as at 30 September 2015.
Page 2 of 2
|
distributed by
|
