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Mon September 27 2021

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Hochtief JV wins Australian freeway contract

14 Sep Hochtief subsidiary Cimic is set to earn AU$800m (£425m) from a new contract involving construction of the Warringah Freeway Upgrade in New South Wales (NSW).

The NSW government has picked a joint venture of Cimic Group company CPB Contractors and Downer for the contract. The incentivised target cost contract has a total value of AU$1.18bn (£628m) and will generate revenue of approximately AU$800m for CPB Contractors.

The agreement allows for extensive collaboration between the contractors and the state, with the aim of supporting better outcomes for all parties.

The project will reduce congestion and simplify the complex road corridor. It involves upgrading approximately 4km of the Warringah Freeway and associated works, including a dedicated bus lane and active transport links for cyclists and pedestrians.

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Cimic Group executive chairman and chief executive officer Juan Santamaria said: “The Warringah Freeway upgrade is key to a city-shaping network of roads that will reduce congestion in Sydney, as population and transport demand grows. The project will improve traffic flow and create better connections. We’re proud to be involved with the delivery of efficient urban transport networks and the creation of more liveable cities.”

CPB Contractors managing director Jason Spears said: “We are pleased to have been entrusted by the NSW government to deliver this important upgrade to the northern approach of the Sydney Harbour Bridge. Our teams are highly skilled in delivering complex transport projects in the centre of major cities and will work closely with all stakeholders to safely deliver this upgrade while minimising disruption on what is one of the busiest freeways in Australia.”

Main work will start early next year and is expected to take approximately five years to complete, subject to the detailed design and construction programme. 

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