- Decmil Group (DCG) has been awarded a contract worth $55 million for phase one of the Albany Ring Road project
- The company announced in July that it had been selected by the Western Australian Government as the project’s Preferred Proponent
- Under the phase one contract, Decmil will design and construct a new interchange and a section of the Ring Road
- The company will also begin designing works for the second phase of the project
- Decmil Group closed in the grey for six cents per share
Decmil Group (DCG) has been awarded a contract worth $55 million for phase one of the Albany Ring Road project.
The project, funded by the Western Australian Government, is for the construction of a ring road around Albany. Across the span of two project phases, the build-out of the ring road is valued at approximately $175 million.
In July of this year, the construction engineering company was selected by the Government as the project’s Preferred Proponent. The contract for the first phase, worth $55 million, has now been executed, allowing Decmil Group to begin the works.
Under the Phase One contract, the company will design and construct a new interchange at Albany Highway and Menang Drive, as well as a section of the ring road south to Lancaster Road. Decmil will also begin designing works for the second phase of the project during this time.
The project’s second phase of construction will extend the Albany Ring Road from Lancaster Road to Princess Royal Drive. However, construction activities can not commence until environmental approvals have been received.
If such approvals are achieved quickly, Decmil expects that the Albany Ring Road project will reach completion sometime in 2023. The company’s CEO, Dickie Dique, commented on Decmil Group’s government contract for the Albany Ring Road.
“This award demonstrates that we are well-positioned to secure opportunities from significant Federal and State Government investment in infrastructure works, which continue to emerge in order to stimulate the COVID-19 impacted economy,” he said.
Decmil Group closed in the grey for six cents per share.