Bovis Lend Lease Wins Sydney Water Capital Works Program Contract

Lend Lease Corporation Limited (“Lend Lease”) today announced its subsidiary, Bovis Lend Lease Pty Limited (“Bovis Lend Lease”), as part of the Momentum consortium which includes CLM Infrastructure and Veolia Water Network Services, has been appointed to deliver the A$900 million Sydney Water Watermains Program.

The program, which has a contract value of circa A$340 million for Bovis Lend Lease, will commence on 1 July 2009 and will extend for an initial four-year period with a further three-year option.

The Momentum consortium will be responsible for a significant proportion of Sydney Water’s planned capital works program, including replacing pipes in areas which have a history of leaks and breaks in order to ensure the reliability and efficiency of the water network. The consortium will be involved in all aspects of design and program management, including planning, design, construction and contract management.

Bovis Lend Lease Australia Chief Executive Officer, Mr Tony Costantino, said: “Bovis Lend Lease’s ability to work with alliance partners to deliver complex projects, combined with our expertise in program management, safety, water and wastewater infrastructure, were key factors in being appointed.

“The contract to deliver the Sydney Water Watermains Program adds to our portfolio of work in the water infrastructure sector and builds on Bovis Lend Lease’s long standing relationship with Sydney Water, the New South Wales Government and our alliance partners,” he added.

All three consortium members are currently partners in the Networks Alliance consortium, which has successfully delivered the Watermains Program under the previous four year contract, currently in its final year.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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