Investment group QIC will need to increase its $422 million offer for Pacific Energy, after a consortium consisting of OPTrust and Infrastructure Capital Group lobbed a superior offer to the remote power provider.
Construction of Perth’s second waste-to-energy plant is scheduled to start later this year after the private consortium behind the East Rockingham project appointed Spanish engineering giant ACCIONA as its main contractor.
Engineering and construction contractor Monadelphous has announced a major contract with lithium producer Albemarle, on the same day the group expressed caution about its outlook following a decline in earnings last financial year.
The state government’s Westport taskforce has concluded that all container shipping should be moved out of Fremantle to a new land-backed port in Cockburn Sound, to be built at a cost of about $4 billion.
Infrastructure Australia has dramatically scaled down the expected cost of road congestion in Perth, mainly because of lower population growth, but has warned about the impact of continued urban sprawl.
The Environmental Protection Authority has recommended environmental approval for the state government's Thornlie to Cockburn rail line extension, despite adverse effects on residents and cockatoo habitats.
Canadian company Stantec has disclosed it paid C$135.8m ($147 million) for Perth-based Wood & Grieve Engineers, which it acquired in March, nearly 60 years after the Perth-based company was established.