24 MAY 2021
CIMIC'S CPB AND UGL SELECTED FOR M6 MOTORWAY,
REVENUE OF $1.95BN
CIMIC Group's CPB Contractors and UGL, in a joint venture with Ghella, have been selected by the New South Wales Government to deliver stage 1 of Sydney's M6 motorway.
The design and construct contract will generate revenue of approximately $1.95 billion to the CIMIC Group companies.
The $2.5 billion M6 Stage 1 will connect Sydney's south to the city's wider motorway network. It will improve journey times, reduce congestion and remove trucks from local streets.
CIMIC Group Executive Chairman and Chief Executive Officer Juan Santamaria said: "CIMIC Group companies are delivering major transport projects across Australia. Having successfully completed several WestConnex projects, our companies have specific expertise in delivering motorways in urban areas. This experience will be applied to safely and successfully deliver the M6 Stage 1 for the NSW Government."
CPB Contractors Managing Director Jason Spears said: "This is an important addition to the portfolio of road, rail and airport projects that CPB Contractors' experienced teams are delivering across NSW. We are very pleased to have been selected to work closely with Transport for NSW to safely deliver this key piece of transport infrastructure for the people of Sydney."
UGL Managing Director Doug Moss said: "UGL is helping to improve transport infrastructure right across Australia, and we look forward to bringing our expertise to the M6 project. We pride ourselves on providing a high quality and safe outcome for our clients, our people and our communities."
The joint venture will deliver an underground motorway connection between President Ave, Kogarah and the M8, mainline tunnels, exit/entry ramps, shared cycle and pedestrian pathways and tunnel stubs for a future Stage 2 of the M6 (subject to obtaining relevant planning approvals).
Work will commence in 2022 and is scheduled to be completed in 2025.
Issued by CIMIC Group Limited ABN 57 004 482 982 www.cimic.com.au Authorised by the CIMIC Group Continuous Disclosure Committee
Mr Justin Grogan, Investor Relations T+61 2 9925 6628
Ms Fiona Tyndall, Communications T+61 2 9925 6188
CIMIC Group (ASX:CIM) is an engineering-led construction, mining, services and public private partnerships leader working across the lifecycle of assets, infrastructure and resources projects. CIMIC Group comprises our construction businesses CPB Contractors, Leighton Asia and Broad, our mining and mineral processing companies Thiess (joint control) and Sedgman, our services specialist UGL and our public private partnerships arm Pacific Partnerships - all supported by our in-house engineering consultancy EIC Activities. Our mission is to generate sustainable shareholder returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and around 32,000 people in 20 countries, we strive to be known for our principles of Integrity, Accountability, Innovation and Delivery,