Country for PR: Australia
Contributor: Medianet International
Thursday, May 24 2018 - 14:41
SYDNEY, Australia May 24, 2018/Medianet International-AsiaNet/-

CIMIC Group company, Leighton Asia, as lead partner in a joint venture, has 
been selected by Singapore's Land Transport Authority to deliver a A$540 
million tunnel and infrastructure contract (N103 contract works), as part of 
the North-South Transportation Corridor project.

Revenue to Leighton Asia, which is part of CIMIC Group construction company CPB 
Contractors, will be approximately A$380 million, with the project being 
delivered in joint venture with local Singapore contractor Yongnam Engineering 
& Construction.

Construction is scheduled to commence in the second quarter of 2018 and be 
completed by 2026.

CIMIC Group Chief Executive Officer Michael Wright said: “The award of these 
major infrastructure works to support the North-South Corridor project 
demonstrates the positive and enduring relationship that CIMIC and Leighton 
Asia have built with the Land Transport Authority in Singapore.

"We are pleased to continue to contribute our innovative and cost-effective 
design and construction methodologies to enhance Singapore’s world-class 
transportation networks."

CPB Contractors and Leighton Asia Managing Director Juan Santamaria said: 
"Leighton Asia’s major project experience and diverse construction capabilities 
have positioned us well to capture this contract and further key infrastructure 
projects in Singapore’s growing market.

"We have a strong and growing presence in Singapore, with a team committed to 
leveraging our local experience and international expertise to ensure the 
project meets the social, sustainability and economic outcomes expected by the 
client and local communities."

The N103 design and construction contract works include 640m of twin, 
three-lane vehicular tunnels; the underpinning of an existing expressway 
flyover; a new facility building; and an entrance ramp and exit ramp.

On completion, the North-South Corridor project will be Singapore’s first 
integrated transport corridor, relieving major traffic network congestion and 
better connecting the northern sectors of Singapore with the central city area.

In addition to this recent award, Leighton Asia’s Singapore business is working 
with the Land Transport Authority to build Springleaf Station and associated 
rail tunnel on the Thomson-East Coast Line. This follows the team’s successful 
completion of the Downtown Line 3 Jalan Besar Station and tunnels.

CIMIC Group Limited (ASX: CIM) is a world-leading infrastructure, mining, 
services and public private partnerships group. We have businesses in 
construction (CPB Contractors and Leighton Asia), mining and mineral processing 
(Thiess and Sedgman), operation and maintenance services (UGL), public private 
partnerships (Pacific Partnerships) and engineering (EIC Activities). Our 
mission is to generate sustainable shareholder returns by delivering innovative 
and competitive solutions for clients and safe, fulfilling careers for our 
people. With a history since 1899, and more than 50,000 people in 20 countries, 
we strive to be known for our principles of Integrity, Accountability, 
Innovation and Delivery, underpinned by Safety. 
CIMIC is a member of the S&P/ASX 100 index, the Dow Jones Sustainability 
Australia Index and FTSE4Good.

SOURCE: CIMIC Group Limited ABN 57 004 482 982