CIMIC Group (ASX:CIM) - Chairman & CEO, Juan Santamaria
Chairman & CEO, Juan Santamaria
Source: CIMIC Group
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  • NSW Government awards CIMIC Group (CIM) company CPB Contractors the contract to deliver the Western Harbour Tunnel-Southern Tunnelling Works
  • This work will facilitate the construction of the Western Harbour Tunnel and its integration into the Sydney motorway network
  • Work involves the excavation and lining of the Western Harbour Tunnel driven tunnels including ventilation tunnels between the Rozelle Interchange and Birchgrove Oval
  • The project will begin this year, is expected to be completed in 2025 and generate revenue of about $350 million for CPB
  • CIM shares 0.92 per cent lower at $17.16

CIMIC Group (CIM) company CPB Contractors has been selected by the NSW Government to carry out the Western Harbour Tunnel-Southern Tunnelling Works.

CIMIC said the design and construct contract would generate of about $350 million in revenue for CPB.

The contract, set to kick off this year, will see the construction of the Western Harbour Tunnel and its integration into the Sydney motorway network.

The tunnel, which will connect the WestConnex Rozelle Interchange with the Warringah Freeway in North Sydney, will comprise twin tunnels with three lanes each about 6.5 kilometres long.

“The Western Harbour Tunnel will be an important addition to Sydney’s transport network,” CIMIC Executive Chairman and CEO Juan Santamaria said.

“It will ease traffic congestion on the existing harbour crossings and improve Sydney’s liveability.”

Work involves excavation and lining of the Western Harbour Tunnel driven tunnels including ventilation tunnels between the Rozelle Interchange and Birchgrove Oval.

The project is expected to be completed in 2025.

“Our teams are currently delivering the Rozelle Interchange and will leverage that experience to ensure that the enabling works are delivered safely and to schedule,” CPB Managing Director Jason Spears said.

“Our teams delivered the M4 widening, the M4 East, the M8 and have demonstrated capability in delivering complex transport projects in Sydney.”

CIM shares were trading 0.92 per cent lower at $17.16 at 3:36 pm AEDT.

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