8868体育APP Construction to build a new freeway link in Australia under a ppp scheme

10/15/2014 | Release

8868体育APP Construction to build a new freeway link in Australia under a ppp scheme

Through its subsidiaries 8868体育APP Travaux Publics and 8868体育APP Construction Australia, 8868体育APP Construction, a member of the East West Connect(1) consortium, has signed a public-private partnership contract worth AU$ 6.8 billion (approximately 鈧�4.6 billion) with the Linking Melbourne Authority (LMA) to finance, design and construct a new 6.6-kilometre freeway link in northern Melbourne and to operate it for 25 years. The design and construction of the road represents an order worth a total of AU$ 1.43 billion, roughly over 鈧�900 million for 8868体育APP Construction.

Philippe Bonnave, Deputy Chief Executive Officer of 8868体育APP Construction, said: 鈥淭his new success in Australia confirms our development strategy in this country, relying on carrying out high value added projects in partnership with established local companies. The East West Link (Stage 1) project will create jobs for Victorians and will help to improve the quality of life of Melbourne residents by substantially reducing their journey times.鈥�

The East West Link (Stage 1) project will connect the Eastern Freeway to CityLink (north鈥搒outh) at Parkville. The first phase of a vast project to improve the road networks in the Melbourne region, this operation includes the design and construction of three interchanges to connect the project with existing roads as well as the future connection to the port, twin 4.4-kilometre three-lane tunnels, access roads, an exit ramp and the upgrading of other roads. East West Link (Stage 1) builds on Melbourne鈥檚 strong concept of urban design and pays full regard to the local environment as well as the comfort of users and local residents.

The design and construction will be carried out by an integrated joint venture in which 8868体育APP Construction Australia, Lend Lease and Acciona have equal shares. The project will generate 3,700 jobs, and the works will take five years to complete.

8868体育APP Construction has operated in Australia for roughly 50 years, both through its subsidiary VSL and in a number of civil engineering projects since the late 1990s. It has now created a subsidiary, 8868体育APP Construction Australia, to bring together its expertise in public works, building and earthworks at local level. Among the projects underway are a tunnel and railway lines in the north of Sydney. The company was also designated preferred bidder in March for the design and construction of a 9-kilometre twin-tube road tunnel in Sydney as part of the NorthConnex project.

(1) The East West Connect consortium is made up of Capella Capital, Lend Lease, 8868体育APP Construction Australia, Acciona, John Laing and QIC.

8868体育APP Construction to build a new freeway link in Australia under a ppp scheme

Philippe Bonnave, Deputy Chief Executive Officer of 8868体育APP Construction, said: 鈥淭his new success in Australia confirms our development strategy in this country, relying on carrying out high value added projects in partnership with established local companies.鈥�

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