- The last contract amounts to an invoice of 232 million euros
- The construction company has significantly softened the losses it accumulated on the stock market
The Australian subsidiary of ACS, Cimic Group, is on a roll. In the last week, the renovation works of two hospitals in the country have been awarded. The amount of both awards exceeds 490 million euros, a figure thanks to which the Spanish construction company has managed to cushion some of the most bearish recent episodes in the market. So much so that it is very close to leaving the field of annual losses to enter profits.
This last contract, awarded through its subsidiary CPB Contractors, has been granted by the Government of the State of New South Wales (Australia) for the extension and remodeling in the first phase of the Nepean Hospital in Kingswood, west of Sydney. In this case, the bill in favor of ACS amounts to 379 million Australian dollars, about €232 million To the change.
The Spanish construction company will be in charge of the construction of a new 14-storey clinical building that will be financed by the Government of New South Wales. Construction work has already begun and is scheduled to be completed in 2021. The new facility, which will have an area of more than 55,000 square meters in the area of the current hospital, will have a new emergency area, with more than 200 beds and more than twelve new operating rooms.
Cimic Group CEO Michael Wright said his company continues to provide “essential” infrastructure to local communities, including health facilities, public transport and new highways. “We are committed to bringing strong experience and extensive skills to meet these community needs now and for future generations,” he stressed.
It so happens that this contract has arrived just a few days after CPB Contractors was awarded the expansion of the Hospital de Campbelltown. The income from these works will amount to 424 million Australian dollars (259.3 million euros). The NSW Government is funding the project and works, which have already started and are expected to be completed by mid-2023.
In addition, CPB Contractors is carrying out expansion and remodeling works at Wagga Wagga Health Service, Coffs Harbor Hospital and Campbelltown Hospital. In addition, he also works on other projects in Western Sydney.
The CEO of CPB Contractors, Juan Santamaría, pointed out that the award of this new contract allows the company toexpand its portfolio of hospital projects and its commitment to the West Sydney community. “CPB Contractors is proud to continue our close working relationships with the NSW Government and the communities of Sydney West,” he added.