CIMIC’s CPB Contractors Bag Design and Construct Contract For M80 Ring Road

  • Oct 30, 2019 AEDT
  • Team Kalkine

CIMIC Group Limited (ASX: CIM) notified that the CPB Contractors of the company has got the contract to deliver an upgrade to a northern section of Melbourne’s M80 Ring Road.

  • The company anticipates the contract to generate a revenue of about $331 million for CPB Contractors.
  • The upgrade is funded by the Australian and Victorian government and would inch up the capacity along with reducing congestion.
  • The construction is slated to commence in early 2020 and would mark the completion in 2023.

At 2:17 PM AEST on 30 October 2019, CIM was trading at $33.43, down by 1.48%.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK