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    CIM   AU000000CIM7

CIMIC GROUP LIMITED

(CIM)
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CIMIC : CPB named partner for Inland Rail South Civil Works

09/21/2021 | 10:36am EDT

CIMIC Group's CPB Contractors has been selected, in joint venture, as the partner to work with the Australian Rail Track Corporation for the delivery of Inland Rail's southern civil works program.

The Australian Government's Australian Rail Track Corporation selected the ACACPB Joint Venture, a 50-50 joint venture formed by CPB Contractors and ACCIONA Construction Australia, under a Collaborative Framework Agreement (CFA) for the planning and development of civil works between Narrabri and Narromine, in northern New South Wales.

Revenue to CPB Contractors will be confirmed upon execution of the design and construct works contracts following the CFA phase.

CIMIC Group Executive Chairman and Chief Executive Officer Juan Santamaria said: 'Inland Rail is crucial for Australia's growing population, providing a fast freight link between regional businesses and markets. We're proud to contribute to this significant project - creating an asset for generations to come, cost-effectively, safely and collaboratively.'

CPB Contractors Managing Director Jason Spears said: 'CPB Contractors will use its extensive regional experience to ensure that opportunities for local suppliers are maximised and that jobs for local workers are created. We are delivering major rail projects across Australia and will work closely with the ARTC to ensure that these works are delivered to schedule.'

Contact:

Australia

T: +61 2 9925 6666

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS, S.A. -0.56% 22.91 Delayed Quote.-15.06%
CIMIC GROUP LIMITED -2.06% 21.43 End-of-day quote.-12.06%
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Financials
Sales 2021 14 860 M 11 116 M 11 116 M
Net income 2021 427 M 319 M 319 M
Net Debt 2021 8,12 M 6,08 M 6,08 M
P/E ratio 2021 15,7x
Yield 2021 4,06%
Capitalization 6 671 M 4 984 M 4 990 M
EV / Sales 2021 0,45x
EV / Sales 2022 0,40x
Nbr of Employees 31 000
Free-Float 21,1%
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Number of Analysts 5
Last Close Price 21,43 AUD
Average target price 26,62 AUD
Spread / Average Target 24,2%
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Managers and Directors
Juan Santamaria Executive Chairman, Chief Executive Officer & MD
Emilio Grande Royo-Villanova Chief Financial Officer
Ignacio Segura Suri˝ach Chief Operating Officer & Deputy CEO
George Sassine Executive GM-Investment & Group Property
Russell Langtry Chenu Independent Non-Executive Director
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