CIMIC's Affiliate Bags Sydney Metro Station Contract

CIMIC Group Limited (ASX: CIM) has won the contract to build Sydney Metro City & Southwest Pitt Street Station. CIMIC Group’s construction business CPB Contractors was awarded with the contract by the NSW Government, and the project is said to be Australia’s biggest public transport project.

  • Project to generate revenue of approx. $463 million.
  • CPB Contractors will work for the design & construction of two high rise buildings above station.
  • Work would commence in 2020 and is expected to complete by 2023.

By 12:04 PM AEST, CIM was trading at A$31.55, down by 1.683% relative to the previous close.

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