CIMIC Group Companies Preferred for RIS Package of the Cross River Rail Project

  • Apr 04, 2019 AEDT
  • Team Kalkine
CIMIC Group Companies Preferred for RIS Package of the Cross River Rail Project

CIMIC Group (ASX: CIM) is a leading rail infrastructure and services provider in Australia. On 4 April 2019, CIMIC Group announced that the Government of Queensland has chosen its CPB Contractors (construction business) and UGL (services specialist) as preferred contractors to work on the Rail, Integration and Systems (RIS) package of the Cross River Rail project.

RIS package is a part of the $5.4 billion Cross River Rail project is going to support the new 10.2 kilometre Cross River Rail link. CPB Contractors and UGL will be in a Alliace partnership with Jacobs and AECOM.

Under the contract, CPB Contractors and UGL will provide essential support works and systems to facilitate the operation of Cross River Rail, contributing to CPB Contractors’ long track record of delivering rail infrastructure in Queensland.

The RIS package will deliver the design, supply and installation of the supporting rail systems and it includes rail operational systems, signalling and telecommunication works across the Cross River Rail project. The package also includes an upgrade of the existing Exhibition Station and augmentation of Mayne Yard.

Besides this, the group also announced that Cross River Rail Delivery Authority has selected its Pacific Partnerships, CPB Contractors, and UGL as the preferred proponent to deliver the Tunnel, Stations and Development (TSD) Public Private Partnership package of Brisbane’s Cross River Rail Project. All three companies are part of the Pulse consortium.

Under this contract, the Pulse consortium will provide ongoing maintenance services, tunnelling work and new underground stations for the Cross River Rail project.

While commenting on this contract, Managing Director of CPB Contractors assured that its team will use its rich experience and skills to safely deliver this important project for South East Queensland.

CIMIC Group’s end-to-end capability allows it to finance, design, construct and maintain the new tunnels and rail stations and in past the group’s construction business CPB Contractors and services specialist UGL have been awarded various significant contract.

For the 12 months to 31 December 2018, CIMIC Group reported strong performance which includes NPAT growth of 11% and revenue growth of 9%.

Now, let’s have a glance at the company’s share performance and the return it has posted over the past few months. At the time of writing, i.e., on 4 April 2019, the stock of the company was trading at a price of A$50.290, up by 0.250% % during the day’s trade with the market capitalisation of ~A$16.26 Bn

The counter opened the day at $50.160 and reached the day’s high of $50.760 and touched a day’s low of $49.520 with a daily volume of ~465,954. The stock has provided a year till date return of 17.28% & also posted returns of -0.79%, 13.69% & -0.52% over the past six months, three & one-month period respectively. It had a 52-week high price of $51.670 and touched 52 weeks low of $39.575, with an average volume of ~289,747.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


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