09/11/2016 - 11:17

Decmil wins $22m contract

09/11/2016 - 11:17

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Perth-based Decmil Group has won a $22.1 million contract for road work in Victoria through a subsidiary it acquired earlier this year.

Perth-based Decmil Group has won a $22.1 million contract for road work in Victoria through a subsidiary it acquired earlier this year.

Decmil told the market today that Melbourne-based civil engineering subsidiary Cut & Fill had won the contract to provide construction work to VicRoads, with work to start this month.

The scope of work involves construction of a section of the Princes Highway duplication between Minniedale Road Traralgon East and east of Sheepwash Creek Road in Flynn.

Work is expected to be completed by late 2018.

Decmil acquired Cut & Fill in February for $9.5 million, providing it with an established and direct platform in civil infrastructure markets in Victoria, the ACT and NSW.

Shares in Decmil were 2.9 per cent higher to $1.03 each at 11am.

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