Dec 20 (Reuters) - Cimic Group Ltd CIM.AX :
* CONTRACTORS HAS BEEN SELECTED BY NSW GOVERNMENT TO BUILD STAGE 1 OF PARRAMATTA LIGHT RAIL PROJECT IN A 50:50 JOINT VENTURE WITH DOWNER
* DESIGN AND CONSTRUCT INFRASTRUCTURE WORKS CONTRACT WILL GENERATE REVENUE TO CPB CONTRACTORS OF $420 MILLION
* CONSTRUCTION WILL COMMENCE IN 2019, WITH STAGE 1 SCHEDULED TO BEGIN SERVICES IN 2023.