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- CIMIC Group’s (CIM) CPB Contractors and UGL have been selected by the NSW Government to deliver stage one of Sydney’s M6 motorway
- The M6 motorway is a planned multi-lane road that will provide better connectivity to Sydney’s south
- Stage one consists of a four-kilometre twin tunnel that will connect the M5 at Arncliffe to President Avenue in Kogarah
- Upon completion, the motorway is expected to improve journey times, remove trucks and large vehicles from suburban streets, and reduce congestion
- Work will begin next year and is scheduled to be completed in 2025
- CIMIC has ended the day 1.26 per cent in the red with shares trading at $21.22
CIMIC Group’s (CIM) CPB Contractors and UGL have been selected by the NSW Government to deliver stage one of Sydney’s M6 motorway.
The M6 motorway is a planned multi-lane road that will provide better connectivity to Sydney’s south.
Stage one consists of a four-kilometre twin tunnel that will connect the M5 at Arncliffe to President Avenue in Kogarah.
Upon completion, the motorway is expected to improve journey times, remove trucks and large vehicles from suburban streets, and reduce congestion.
“This is an important addition to the portfolio of road, rail and airport projects that CPB Contractors’ experienced teams are delivering across NSW,” CPB Managing Director Jason Spears said.
“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,” he added.
The design and construction will generate roughly $1.95 billion in revenue to CPB Contractors and UGL.
Work will begin next year and is scheduled to be completed in 2025.
“Having successfully completed several WestConnex projects, our companies have specific expertise in delivering motorways in urban areas,” CIMIC Executive Chairman and CEO Juan Santamaria commented.
“This experience will be applied to safely and successfully deliver the M6 stage one for the NSW Government,” he added.
CIMIC has ended the day 1.26 per cent in the red with shares trading at $21.22 in a $6.68 billion market cap.
