CIMIC Group company CPB Contractors has been selected by the Victorian Government to deliver the Early Works package for Melbourne’s North East Link.
The contract will generate revenue to CPB Contractors of up to approximately $195 million.
The North East Link is the biggest road transport project in Victoria’s history. Once completed, the $15.8 billion North East Link will connect the M80 Ring Road with an upgraded Eastern Freeway and provide an improved road connection.
CIMIC Group Chief Executive Officer Michael Wright said: “We are committed to working closely with the Victorian Government to deliver the first stage of the project. CIMIC, through CPB Contractors, is focused on building the vital infrastructure that the community needs.”
CPB Contractors Managing Director Juan Santamaria said: “This is a key missing link in Victoria’s freeway network. CPB Contractors is committed to leveraging our extensive roads and major project experience to deliver this work efficiently and to the highest safety standards.”
The Early Works package will involve CPB Contractors performing services in two phases of planning and delivery, the majority of which comprise utility services under a Managing Contractor arrangement, that will generate a favourable risk and return profile consistent with CIMIC Group’s strategy.
Works include the design, development and removal, relocation and/or protection of utility services including 220 KV transmission towers, other electrical assets, telecommunication assets, water and sewerage assets, and drainage and gas pipelines.
Construction on the Early Works package is scheduled to start in 2020, subject to planning approval, and is set to be completed in 2021.
/Public Release.
