20/11/2015 - 10:47

Cimic wins $1.5bn contract

20/11/2015 - 10:47

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CIMIC Group's construction arm, Leighton Contractors, has secured a $1.5 billion contract to design and build Sydney's new M5 Motorway.

Cimic wins $1.5bn contract
Cimic chief executive Marcelino Fernandez Verdes.

CIMIC Group's construction arm, Leighton Contractors, has secured a $1.5 billion contract to design and build Sydney's new M5 Motorway.

In a statement, Cimic said the four-year contract would be carried out as part of a joint venture with Dragados and Samsung C&T.

The $4.3 billion project is being delivered by Sydney Motorway Corporation for the NSW government in three stages, with the final stage scheduled to open to traffic in 2023.

The new M5 will open to traffic in late 2019.

The New M5 will run via twin tunnels from the existing M5 East at Kingsgrove to a new interchange at St Peters, more than doubling capacity of the corridor and improving east‐west corridor access between the Sydney CBD, Port Botany and Sydney Airport precincts and the South West growth areas. 

The project will deliver approximately nine kilometres of new tunnels, motorway to motorway connections to the King Georges Road Interchange Upgrade at Beverly Hills, which is currently under construction, and a new interchange at St Peters.

Cimic chief executive Marcelino Fernandez Verdes said Australia’s investment in infrastructure continued to provide a pipeline of work for Cimic.

“We are committed to assisting our clients with solutions for expanding modern sustainable infrastructure,” Mr Fernandez Verdes said.

Leighton Contractors managing director Roman Garrido said delivery of the project would leverage the company’s road and tunnelling capabilities and experience in managing complex interfaces between construction, network operations and surround communities.

Cimic shares were 0.6 per cent higher to $26.35 each at 10:45am.

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