Hochtief Subsidiary Cimic Upgrades Australian Freeway For A$761 Million
September 30 2019 - 6:35AM
Dow Jones News
By Kim Richters
Hochtief AG's (HOT.XE) subsidiary Cimic Group Ltd. (CIM.AU) said
Monday its construction business received a contract to expand and
upgrade the Monash freeway in Australia.
The Australian company said that the contract for its subsidiary
CPB Contractors includes adding 36 kilometres of new lanes and is
worth around 761 million Australian dollars ($514.4 million).
Construction will start early next year and will be completed in
2022, it said.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
September 30, 2019 06:20 ET (10:20 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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