Spanish engineering giant ACCIONA is continuing to challenge CPB Contractors’ dominance of the Western Australian infrastructure market, with the two groups heading competing consortia for the Bunbury Outer Ring Road.
A subsidiary of Perth-based Southern Cross Electrical Engineering has secured a $40 million contract with CIMIC Group to complete works on a train station in Sydney.
National advisory body Infrastructure Australia has added regional roads upgrades in WA and Perth’s water security to its listing of high priority initiatives that need more attention, and notably has kept the proposed Morley Ellenbrook rail link near the bottom of its priority list.
WBHO Infrastructure has been awarded a $43.3 million sub-contract from Perth-based engineering firm Mondium for works at Rio Tinto’s Western Turner Syncline Phase 2 mine site.
Civil and mining contractor NRW Holdings has reported strong profit and revenue gains in its interim results, with the company saying its completed acquisitions and plans for alliance-style contracts would support strong future growth.
Contractors Monadelphous and Emeco Holdings enjoyed solid share price gains today after reporting their interim results, with Emeco posting higher profits and improved margins while Monadelphous forecast a 10 per cent increase in revenue for the full financial year after a soft first-half.
NSW-based contractor Downer has secured the road portion of works for the Denny Avenue level crossing removal in Kelmscott, ahead of Perth construction company Decmil.
An unusual partnership between the Perth Children's Hospital Foundation and the state government has underpinned the planned construction of a pedestrian bridge in Nedlands for an estimated $6.3 milli
A more efficient freight network is a key priority for the state government, but upgrading the status quo requires a big spend and some complex solutions.
Henderson-based Civmec has reported a 38.7 per cent rise in net profit to $8.1 million for the six months to December, sending its shares nearly 9 per cent higher at the market open.
Perth-based McCorkell Constructions has secured a $6.6 million contract with the state government to build a new fire and emergency services station in Kensington.
Seven regional roads in Western Australia, including Great Eastern Highway and Indian Ocean Drive, will receive $17.5 million worth of upgrades this financial year in efforts to improve safety and prevent run-off crashes.
Building firms ADCO Constructions and Pindan have secured a pair of contracts collectively worth around $24 million, with ADCO to expand Osborne Park Hospital and Pindan to build a new community centre in Kalamunda.
Fortescue Metals Group is anticipating iron ore exports to be at the upper end of guidance after posting record shipments for the first half of 2020, while also announcing plans to spend $US450 million ($A668 million) on a solar-gas power facility.
Perkins Builders has unveiled a pair of significant contract wins, with the Bunbury-headquartered construction group to deliver new aerobridges for Perth Airport's international terminal and non-process infrastructure for Albemarle Corporation’s $1 billion Kemerton lithium processing plant.
Shares in national contracting groups CIMIC and Downer have plummeted more than 20 per cent after the companies reported significant write-downs and higher costs respectively.
Perth company Georgiou Group has started upgrade works on High Street in Fremantle, as part of a $118 million state and federal government project designed to improve safety and reduce congestion.