Lend Lease Wins $315 Million Contract to Widen West Motorway, Sydney

ASX Announcement

Lend Lease secures A$315 million contract to widen M5 West Motorway in Sydney
26 June 2012

Lend Lease today announced that it has secured a A$315 million contract to design and construct a major upgrade to Sydney’s M5 South West Motorway for Interlink Roads.

The M5 West Widening Project includes widening the existing M5 South West Motorway from two to three lanes in each direction from Camden Valley Way, Prestons to King Georges Road, Beverly Hills.
Abigroup, part of Lend Lease’s construction business in Australia, will undertake the design and construction of the project. The project will be carried out in stages and the Motorway will remain operational throughout the construction period.

Abigroup has been working with Interlink Roads since February 2010 on the M5 West Widening Project through an Early Contractor Involvement contract. Completion of the project is expected in December 2014.

Lend Lease Group Chief Executive Officer and Managing Director, Steve McCann, said the Group was pleased to be working with Interlink Roads on this significant project.

“Lend Lease, through Abigroup, has a strong track record of delivering road projects in the Sydney area including the Westlink M7 and Hills M2 Motorways and this latest award confirms the experience and track record of our business in the road sector,” said Mr McCann.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.