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    CIM   AU000000CIM7

CIMIC GROUP LIMITED

(CIM)
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CIMIC : CPB wins Western Sydney Airport Airside Works

09/20/2021 | 08:33am EDT

CIMIC Group company CPB Contractors, with its joint venture partner Acciona, has been selected to deliver the Western Sydney International (Nancy-Bird Walton) Airport's airside civil and pavement works.

The design and construct contract will generate revenue of approximately $265 million to CPB Contractors.

This is the third project awarded by Western Sydney Airport to the joint venture, following the earlier award of two earthworks packages.

CIMIC Group Executive Chairman and Chief Executive Officer Juan Santamaria said: 'Western Sydney International Airport is set to be a catalyst for job creation and growth across the region for decades to come. We are proud to apply CIMIC Group's aviation expertise and track record in Western Sydney to the construction of this nation building airport infrastructure.'

CPB Contractors Managing Director Jason Spears said: 'CPB Contractors will work closely with our client to deliver these aviation facilities for the millions of passengers who will be using the new Western Sydney International Airport. We will leverage our experience in delivering major projects in Western Sydney to maximise training and jobs for local people and economic opportunities for local suppliers.'

The scope of works includes airside services and utilities, including aircraft pavements (runway and taxiways), aircraft isolation pad, airside roads, landscaping and aeronautical ground lighting system (including associated sub-station buildings) and other specialist systems.

Construction will take two years. Western Sydney International Airport is due to open in late 2026.

Contact:

T: +61 2 9925 6666

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS, S.A. -1.13% 22.8 Delayed Quote.-16.02%
CIMIC GROUP LIMITED -2.15% 20.97 End-of-day quote.-13.95%
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Financials
Sales 2021 14 860 M 11 162 M 11 162 M
Net income 2021 427 M 321 M 321 M
Net Debt 2021 8,04 M 6,04 M 6,04 M
P/E ratio 2021 15,4x
Yield 2021 4,15%
Capitalization 6 528 M 4 893 M 4 903 M
EV / Sales 2021 0,44x
EV / Sales 2022 0,39x
Nbr of Employees 31 000
Free-Float 21,1%
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Number of Analysts 5
Last Close Price 20,97 AUD
Average target price 26,62 AUD
Spread / Average Target 26,9%
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Managers and Directors
Juan Santamaria Executive Chairman, Chief Executive Officer & MD
Emilio Grande Royo-Villanova Chief Financial Officer
Ignacio Segura Suri˝ach Chief Operating Officer & Deputy CEO
George Sassine Executive GM-Investment & Group Property
Russell Langtry Chenu Independent Non-Executive Director
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