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- Decmil Group (DCG) wins an $88.7 million contract by Major Road Projects Victoria (MRPV) for the Barwon Heads Road Upgrade Work Package 1
- Work includes the construction of a two-lane carriageway and the reconstruction, realignment and upgrade of the exiting carriageway
- Additionally, Decmil will construct a new four-lane bridge over Waurn Ponds Creek and a structure for a shared use path
- Work will begin immediately and is expected to be finished in 2023
- Shares in Decmil are up 1.41 per cent and are trading at 36 cents at 11:36 am AEST
Decmil Group (DCG) has been awarded an $88.7 million contract by Major Road Projects Victoria (MRPV) for the Barwon Heads Road Upgrade Work Package 1.
Work under Work Package 1 includes the construction of a two-lane carriageway and the reconstruction, rehabilitation, realignment and upgrade of the exiting carriageway.
Decmil will also upgrade two signalised intersections and two new signalised intersections.
Additionally, Decmil will construct a new four-lane bridge over Waurn Ponds Creek and a structure for a shared use path.
Work will begin immediately and is expected to be finished in 2023.
CEO Dickie Dique is excited to receive the contract and begin work.
“Securing this significant contract is further validation of our strategy to target the burgeoning government spend on infrastructure projects,” Mr Dique commented.
“Our relationship with the Victorian Government continues to go from strength to strength, which is a testament to our ability to successfully deliver major projects.
“This is particularly evident in the Geelong region, where the Barwon Heads project is located, as over the past five years we have successfully completed numerous projects, most notably the Drysdale Bypass and Princess Highway Section 3.”
Shares in Decmil were up 1.41 per cent and are trading at 36 cents at 11:36 am AEST.
