Press release

CIMIC’S CPB Contractors wins $400m airport runway works in JV

Sydney
03.07.2017

CIMIC Group company, CPB Contractors, has been awarded the $400 million Airfield Works contract by Brisbane Airport Corporation Pty Ltd to construct the New Parallel Runway in a 50:50 joint venture with BMD Constructions.

The contract will generate revenue to CPB Contractors of approximately $200 million.

CIMIC Group Chief Executive Officer Adolfo Valderas said: “CIMIC Group and CPB Contractors are pleased to be involved in the expansion of Brisbane Airport and to contribute our major project experience to support one of Australia’s fastest growing passenger and freight transport hubs.

“Through our continued focus on bidding discipline and project delivery, we have a strong track record in delivering new and upgraded commercial and defence aviation infrastructure, and sustainably increasing the capacity of domestic and global air travel networks.”

CPB Contractors Managing Director Román Garrido said: “Our team’s experience and expertise of safely working to efficient and effective construction programs within busy, live operational environments are part of our core capabilities.

“We are committed to working with Brisbane Airport and all major stakeholders to ensure that the project’s planned operational, social and economic benefits are achieved through innovative and cost-effective solutions.”

The airfield works contract is the final contract for the construction of the New Parallel Runway project, and includes delivery of a 3.3km main runway and 12km taxiway system, and airfield infrastructure such as navigational aids, airfield lighting, multiple utilities, signage, operations roads, airfield drainage and landscaping, security fencing and control systems.

Construction is scheduled to start in the coming weeks, with the runway expected to be fully operational in 2020.

Brisbane Airport estimates that the new parallel runway will mean the number of landings and departures will increase from 227,000 flights each year to 360,000 by 2035, and up to half-a-million flights by 2045.