CIMIC Results
CIMIC Group has announced a remarkably unremarkable set of results with 1Q NPAT of $166m on Revenue of $3.3Bn. Revenues were largely stable compared with $3.4Bn in 1Q19. Despite the...
Author: Rosemary Tilley
$570m Western Downs Given the Green Light
Neoen’s $570m Western Downs project is finally on the way after delays in the back half of 2019 reaching financial close. The project will have a capacity of 460-480MW with...
This pandemic has caused rough seas for employees
“With the arrival of COVID-19, the safe, stable ship I was sailing in just self-destructed, and I am left flailing amid the wreckage in a dark and stormy sea with...
As the virus freeze begins to thaw, ‘Winter is Coming’ for construction
After weathering the coronavirus storm relatively well, avoiding the most severe industry restrictions, the short-term future of construction is starting to look bleak. Following a 5.3% fall in construction industry...
Victoria bolsters development pipeline with $4Bn in projects
In welcome news for an industry facing uncertain times, the Victorian Government has announced a string of projects around Melbourne this week including: Southbank by Beulah – $2Bn mixed use...
Could NE Link be put on ice?
Calls are growing in the current climate for the Andrews government to pause plans for the North-East Link Project. Already subject to court challenges by multiple councils, the project is...
What downturn? Shell green-lights $10Bn Arrow
In welcome news, Shell has confirmed that thunder-birds are go… sorry, Arrow Energy is a go. The JV between Shell and Petro-China has confirmed that the CSG field, expected to...
Georgiou Goes Hollywood on Stage 2
After delivering the early works for Ramsay Health Care’s Hollywood redevelopment including consulting areas and the mental health unit, Georgiou is now looking forward to the next stage. The $53m...
What does the future hold for construction in a Covid19 world?
The construction industry is bracing for what the future may hold as social restrictions expand in the effort to fight the coronavirus spread. In the early days of the virus...
Woodside shelves expansions on Covid19 and oil price
Energy major Woodside has announced that it has deferred up to $50Bn in in expansion plans amid the market turmoil. Key projects put on ice include the $17Bn Scarborough and...