CIMIC Group company CPB Contractors has been selected to deliver stage 2 of the Monash Freeway upgrade.
The design and construct contract will generate revenue to CPB Contractors of approximately $761 million.
The project is being jointly funded by the federal and state governments to cater to the fast growing south east region of Melbourne.
Works include the addition of 36 kilometres of new lanes to the Monash Freeway. The Beaconsfield interchange will also be upgraded with new freeway ramps, O’Shea Road will also be extended and widened alongside the roll out of the Freeway Lane Management System to better manage traffic flows.
CIMIC Group Chief Executive Officer Michael Wright said CPB Contractors has demonstrated a capability of delivering infrastructure in Victoria.
“The upgrade of the Monash Freeway will improve the lives of many people, saving time and better connecting communities to important employment centres,” he said.
CPB Contractors Managing Director Juan Santamaria said the absolute priority is the safety of workers and all road users.
“We will be applying our experience, built over many decades, to safely deliver this upgrade in a live traffic environment,” he said.
“We are pleased to be selected to work with the Australian and Victorian governments to deliver this important road upgrade.”
Construction will begin early 2020 and is expected for completion in 2022.