Decmil NZ wins $24.3M contract to revamp Waiheke schools

Decmil Construction NZ wins $24.3M contract to revamp Waiheke schools

By Rebecca Howard

May 1 (BusinessDesk) - ASX-listed construction firm Decmil Group's New Zealand unit said it won a $24.3 million design and construction contract for two schools on Waiheke Island.

The contract involves redeveloping the Te Huruhi Primary School and the Waiheke High School, Decmil said in a statement. Design work is slated to begin this month and construction is expected to begin in the final quarter of this year.

Te Huruhi Primary will be redeveloped to have three new blocks with 22 new teaching spaces and a new administration area, library and targeted repairs to the existing school hall, according to the school's website. The old buildings will be demolished to make way for new playing fields. The school will be able to accommodate 530 students. It shares a 17.3-hectare site with the high school, where a new performing arts space will be built and some targeted repairs will be undertaken.

The work is expected to be completed in 2020.

The project is the third that Decmil Construction NZ will build for the ministry of education after it built schools in Christchurch and Auckland. The company also has active projects in the corrections and defense sectors, including a $60 million project to build modular prison cells at two prisons it was awarded in December and a defense force contract to build an ammunition processing building at Kauri Point.

The company, which focuses on the infrastructure, resources and renewables sectors in Australia and New Zealand and Asia Pacific said it has more than A$325 million of committed and visible work in hand for its 2019 financial year. It expects 2019 revenue to exceed A$500 million, it said in its first-half report for the six months to Dec. 31.

Decmil shares were last down 1.2 percent to A$1.23

(BusinessDesk)

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