ASX-listed Cimic expects $82 mln of revenue from Tauranga's SH2 upgrade

Mon, 15 May 2017

By Paul McBeth May 16 (BusinessDesk) - ASX-listed Cimic Group subsidiary CPB Contractors will generate $82 million of revenue from the design and build of the State Highway 2 Baypark-to-Bayfair link upgrade in Tauranga. The company, formerly known as Leighton Holdings, was awarded the contract last month by the New Zealand Transport Agency, which expects the project will be completed in December 2020 at a total cost of some $120 million, according to the government entity's website. Cimic today said the second and final phase of the proj...

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