Image Sourced CIMIC Group
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

CIMIC Group company, CPB Contractors are the official contractor for the new Christchurch Metro Sports Facility Stadium.

CPB Construction is set to pocket more than NZ$221 million in revenue, with the facility set to host a 10 lane swimming pool, a swim leisure area and nine indoor basketball and netball courts.

It is expected to hold more than 3,500 spectators at any given time and will become the largest aquatic and indoor recreation and community venue in New Zealand.

“This project continues CPB Contractors’ long track record of providing important infrastructure in New Zealand,” CIMIC Group Chief Executive Officer Michael Wright said.

CPB Construction is currently working on the Christchurch Hospital Acute Services Building and the Te Pac Christchurch convention and exhibition centre.

“As a leading construction company in New Zealand, CPB Contractors draws on the local experience and international expertise to deliver leading infrastructure projects providing the sustained local and economic facility,” CPB Contractors Managing Director Juan Santamaria said.

Construction is expected to begin in May 2019 and be completed by late 2021.

Please find announcement attached: https://hotcopper.com.au/data/pricesensitive/announcements/ASX/2A1141946_CIM.html

CIM by the numbers
More From The Market Online

Woolworths posts 2.8% rise in 3rd quarter sales but drop in Big W sales reveals wary wallets

Woolworths Group Ltd has posted a modest rise of 2.8 percent in overall sales for the…

AML3D boosts up role in Australian defence space with aerospace parts deal

3D printing specialists AML3D announced its acquisition of a contract to manufacture aerospace parts for Australia's…

Endeavour Group slides as Woolworths sells 5% stake – but says nothing funny going on

Supermarket giant Woolworths (ASX:WOW) has confirmed it will sell off a stake in Endeavour (ASX:EDV), but…

Star Entertainment appoints new chair to navigate turbulent times

The Star Entertainment Group has appointed Ms Anne Ward as Chairman of the Board as the…