- CIMIC’s (CIM) CPB Contractors wins $395 million worth of contracts for new works in Western Sydney
- The contracts are funded by the Australian and New South Wales governments
- The construction works are a joint venture with United Infrastructure
- Construction will commence this year and is set to be completed in 2024
- CIMIC shares are down a slight 0.18 per cent, trading at $22.02
CIMIC’s (CIM) CPB Contractors has won $395 million worth of contracts for new surface civil and alignment works for the Sydney Metro – Western Sydney Airport rail link.
The contracts were granted and funded by the Australian and New South Wales governments and will commence this year.
The construction works is a joint venture with United Infrastructure which is made up of several Western Sydney based companies, including Burton Contractors, JK Williams and Mulgoa Quarries.
“We’re proud to be part of delivering this important transport infrastructure for Western Sydney, and its contribution to the areas growth,” says CIMIC Chairmain and CEO Juan Santamaria.
“The airport and associated transport projects are central to Sydney’s economic future, and we’ll be ensuring that local communities benefit through the creation of employment and supplier opportunities.”
The construction works in the contract include a 190-metre long rail bridge over the planned M12 motorway, 3.4 kilometres of the elevated viaduct at Orchard Hills and Luddenham and a 20-metre long rail bridge within the Western Sydney airport.
Work will commence in 2022 and is scheduled to be completed in 2024.
CIMIC shares were down a slight 0.18 per cent on the market and were trading at $22.02 at 2:50 pm AEDT.