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BRIEF-Cimic Group companies awarded New Zealand schools project

Published 12/04/2017, 08:46 am
Updated 12/04/2017, 08:50 am
© Reuters.  BRIEF-Cimic Group companies awarded New Zealand schools project
CIM
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April 12 (Reuters) - Cimic Group Ltd CIM.AX -

* Cimic group companies awarded nz schools ppp project

* Project's construction phase is scheduled to start in july 2017, with schools set to open in 2019

* Cpb contractors will deliver design and construction program as part of a 60:40 joint venture with christchurch-based company southbase construction.

* Contract will generate revenue to cimic of approximately nz$113 million over design and construction period

* Cimic group cos pacific partnerships and cpb contractors have been awarded third new zealand schools ppp initiative by new zealand government

* Agreement contains an expansion mechanism under which ministry of education has right to add additional schools to project Source text for Eikon: ID:nASX5CqXJ1 Further company coverage: CIM.AX

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