Source: Decmil Group
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Decmil Group (DCG) wins an $88.7 million contract by Major Road Projects Victoria (MRPV) for the Barwon Heads Road Upgrade Work Package 1
  • Work includes the construction of a two-lane carriageway and the reconstruction, realignment and upgrade of the exiting carriageway
  • Additionally, Decmil will construct a new four-lane bridge over Waurn Ponds Creek and a structure for a shared use path
  • Work will begin immediately and is expected to be finished in 2023
  • Shares in Decmil are up 1.41 per cent and are trading at 36 cents at 11:36 am AEST

Decmil Group (DCG) has been awarded an $88.7 million contract by Major Road Projects Victoria (MRPV) for the Barwon Heads Road Upgrade Work Package 1.

Work under Work Package 1 includes the construction of a two-lane carriageway and the reconstruction, rehabilitation, realignment and upgrade of the exiting carriageway.

Decmil will also upgrade two signalised intersections and two new signalised intersections.

Additionally, Decmil will construct a new four-lane bridge over Waurn Ponds Creek and a structure for a shared use path.

Work will begin immediately and is expected to be finished in 2023.

CEO Dickie Dique is excited to receive the contract and begin work.

“Securing this significant contract is further validation of our strategy to target the burgeoning government spend on infrastructure projects,” Mr Dique commented.

“Our relationship with the Victorian Government continues to go from strength to strength, which is a testament to our ability to successfully deliver major projects.

“This is particularly evident in the Geelong region, where the Barwon Heads project is located, as over the past five years we have successfully completed numerous projects, most notably the Drysdale Bypass and Princess Highway Section 3.”

Shares in Decmil were up 1.41 per cent and are trading at 36 cents at 11:36 am AEST.

DCG by the numbers
More From The Market Herald
The Market Herald Video

" NRW Holdings (ASX:NWH) flags another string of contract wins in QLD and WA

NRW Holdings (ASX:NWH) has secured and extended a string of contracts in Western Australia and Queensland,…
The Market Herald Video

" Kleos Space (ASX:KSS) secures $10m debt facility with PURE

Kleos Space (ASX:KSS) secures a four-year $10 million debt facility with PURE Asset management to help…
The Market Herald Video

" DDH1 (ASX:DDH) launches share-buy back

DDH1 (ASX:DDH) has launched an on-market share buy-back program of up to 10 per cent of…
The Market Herald Video

" Austal (ASX:ASB) wins United States Coast Guard contract worth up to US$3.3b

Austal (ASX:ASB) has been awarded a contract from the United States Coast Guard that could be…