Contractors Georgiou Group, Ertech and Piacentini & Son have delivered a mixed bag of profit results in the 2018-19 financial year, with Ertech and Piacentini recording large improvements and Georgiou performing below expectations.
Pre-construction works for stage one of the Bussell Highway dual carriageway project have begun, with the $4.5 million tender awarded to a joint venture between indigenous-owned and operated DK Kaartdijin and civil contractor BCP Group.
Surveying services business Veris recorded a 27.8 per cent rise in underlying earnings for the September quarter, underpinned by a substantial cost cutting strategy, which has been welcomed by investors.
Minister for Ports and Regional Development Alannah MacTiernan says a multi-billion dollar Oakajee port and rail project is unnecessary and Sinosteel’s Midwest general manger said there were no guarantees the company would push ahead with the project.
The use of renewable energy in the mining sector is being given a boost, with the federal government and Alinta Energy jointly funding a $200 million solar facility that will help to power Fortescue Metals Group’s iron ore mines.
Pindan has been awarded a $90 million contract for the construction of an operations village for Rio Tinto’s Koodaideri iron ore project, with the announcement coming less than a week after Oxley Holdings acquired full ownership of the contractor.
The Water Corporation is refusing to release the details of a review it says backs a decision to insource a major maintenance contract, a move that runs counter to the economic reforms of recent decades.
Decmil and joint venture partner McConnell Dowell have finalised the main works contract for the Mordialloc Freeway project, six months after being selected by Major Roads Projects Victoria as the preferred tenderer.