Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Cimic Group's Leighton unit wins $267M Auckland contract

Cimic Group's Leighton unit wins $267M contract to upgrade Auckland's Southern Corridor

Aug. 13 (BusinessDesk) - Cimic Group's Leighton Contractors unit has won the $267 million contract to upgrade Auckland's Southern Corridor to improve traffic flows on State Highway 1 between Manukau and Papakura.


The project involves building about 11 kilometres of additional lanes, upgrading 16 bridges and constructing six new bridges, Sydney-based Cimic said in a statement to the ASX. It also includes a new 4.5km walking and cycleway. Work is to start in October and opened in stages ahead of its 2018 completion target. Cimic, which was previously known as Leighton Holdings, said the contract will generate about $192 million for Leighton Contractors over the next three years.


Leighton Contractors is leading the consortium building the Transmission Gully road north of Wellington, and has worked on previous NZ Transport Agency projects, including the State Highway 16 upgrade, the Northern Gateway Toll Road and the Newmarket Viaduct Replacement.


Cimic shares last traded at A$23.11 on the ASX and have gained 6.8 percent in the past 12 months.

(BusinessDesk)

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Super Fund/Canada Bid v NZTA: Tow Preferred Bidders For Auckland Light Rail

The two preferred delivery partners for Auckland light rail have been chosen and a final decision on who will build this transformational infrastructure will be made early next year, Minister of Transport Phil Twyford announced. More>>

ALSO:

9.3 Percent: Gender Pay Gap Unchanged Since 2017

“While it has remained flat since 2017, the gender pay gap has been trending down since the series began in 1998, when it was 16.2 percent,” labour market statistics manager Scott Ussher said. More>>

ALSO:

Ex-KPEX: Stuff Pulls Pin On Media Companies' Joint Ad-Buying Business

A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... More>>

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>

ALSO: