Cimic JV wins $230m Main Roads contract

A joint venture between CIMIC Group's Ventia and international outfit Tyco has been awarded a $230 million Main Roads contract for electrical infrastructure maintenance across the state for up to seven years.

Under the contract, the Venture Smart JV will undertake maintenance and capital works for electrical road infrastructure, including traffic lights, street lighting, CCTV and fibre optic cabling, among other things.

The work covers the entire state and will be evenly split between lighting system maintenance and electrical repair and maintenance. 

The Main Roads Western Australia contract has an initial term of five years, valued at $187.9 million, with an option to extend for a further two years, which would bring the contract value to $230 million.

Venture Smart was selected from a shortlist, which included Lendlease and a joint venture between French group Mouchel International and Downer EDI, DM Roads.

DM Roads previously completed electrical infrastructure maintenance work for the state government.

Ventia is a Sydney-based infrastructure group and was formed in 2015 as a 50-50 partnership between Cimic and asset manager Apollo Global Management.

The company has more than 6,400 employees and currently completes road maintenance for Main Roads Western Australia in the Pilbara under an integrated services agreement.

Tyco is part of a US-listed security business.

Cimic Group also owns CPB Contractors, which has a number of contracts with Main Roads.