Join our daily newsletter At The Bell to receive exclusive market insights
- Decmil Group (DCG) has been awarded a portion of an approximate $300 million contract by Rail Projects Victoria to upgrade the Gippsland railway line
- The line upgrade is being delivered as part of the $4 billion Regional Rail Revival program
- Decmile will join an alliance, working with CIMIC Group (CIM) company UGL and Arup as part of the VicConnect consortium to deliver the upgrade
- The works include duplicating tracks, extending the Morwell crossing loop, upgrading level crossings and signalling, and adding second platforms to three stations
- The company will take a roughly $140 million share of the contract, with a target completion date of late 2022
- Decmil Group is up 2.63 per cent, trading at 58.5 cents
Decmil Group (DCG) has been awarded a portion of an approximate $300 million contract by Rail Projects Victoria to upgrade the Gippsland railway line
The Gippsland line upgrade is being delivered as part of the $4 billion Regional Rail Revival program, which is upgrading every regional passenger rail line in Victoria and creating 3,000 jobs.
The project will deliver major benefits to passengers, including more reliable services along the Gippsland line, with a 40-minute off-peak frequency for trains between Traralgon and Melbourne.
Decmile will join an alliance, working with CIMIC Group (CIM) company UGL and Arup as part of the VicConnect consortium to deliver the upgrade.
The company will take a roughly $140 million share of the contract, taking its contracted and preferred order book to $570 million.
VicConnect’s works will include duplicating track, extending the Morwell crossing loop, upgrading level crossings and signalling, and adding second platforms at Bunyip, Longwarry and Morwell.
The VicConnect group’s win was assisted by Infrastructure Nation, which has worked closely with the partners to develop and deliver a winning proposal.
The VicConnect Alliance has a project completion target slated for late 2022.
Decmil Group is up 2.63 per cent, trading at 58.5 cents at 12:20 pm AEDT.
