The NSW Government has awarded the construction contract to the joint venture, formed by CIMIC Group company of CPB Contractors and Downer, for the Warringah Freeway Upgrade project in Australia.
The contract has a total value of AUD1.18 billion (US$855.07 million), from which around AUD800 million (US$579.71 million) will generate as revenue for CPB Contractors. The project involves the redevelopment of a 4-kilometer freeway and associated infrastructure, including a bus lane and active transport links for cyclists and pedestrians. The upgraded road will reduce congestions and simplify the road corridor.
Construction work is expected to start at the beginning of 2022 and will take approximately five years to complete.
Country updates
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September 27, 2021
ARTC selects partner for Inland Rail South civil works in Australia
The Australian Government’s Australian Rail Track Corporation (ARTC) has selected the ACACPB Joint Venture under a Collaborative Framework Agreement (CFA) for the planning and development of civ...
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September 24, 2021
Environmental assessment contract awarded for Great Western tunnel PPP in Australia
The Government of New South Wales has awarded an environmental assessment contract to Aecom Australia for the Great Western highway tunnel PPP project. The 11 km-long tunnel will connect Blackhe...
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September 24, 2021
CDPQ joins Sydney Transport Partners to acquire 49% interest in WestConnex
Caisse de dépôt et placement du Québec (CDPQ) has announced that it joins the Sydney Transport Partners (STP) consortium to acquire a stake in WestConnex. CDPQ will invest AUD2.3 b...
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September 22, 2021
Sydney Transport Partners selected to acquire 49% stake in WestConnex
The Government of New South Wales has selected the Sydney Transport Partners as a winning bidder for its remaining 49% stake in the WestConnex toll road in Sydney, Australia. The transaction is worth...
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September 22, 2021
Two companies proposed to acquire AusNet in Australia
AusNet Services Ltd (AusNet) has received two unsolicited, indicative, non-binding and conditional proposals to acquire, by way of scheme of the arrangement, all of the issued shares in AusNet. T...
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