Infrastructure

Engineering and construction group Valmec has tapped investors for $5.1 million through a strongly supported share placement that will strengthen the company’s balance sheet.

The state government has announced six more local businesses that will operate at the new $75 million Yagan Square development, set to be opened next month.

Belmont-based Pindan has been awarded an $18 million state government building contract in Carnarvon, while Bunbury-based Perkins Builders has received an $8 million government contract.

The private owner of Port Hedland International Airport has outlined plans for a $40 million redevelopment of the facility over the next five years.

Local engineering and construction group Valmec has announced it will purchase Henderson-based specialist pipeline testing company APTS, which was recently put into receivership.

The City of Fremantle has shortlisted six companies for the building contract for the civic building and library as part of the $270 million Kings Square redevelopment, while also announcing the demolition contractor for the council’s old administration building.

Southern Cross Electrical Engineering has been awarded a number of new commercial and public infrastructure contracts across Australia totalling more than $90 million, including $66 million of work at a new section of the Westmead Hospital in New South Wales.

Phoenix Energy has announced major changes to its planned waste to energy project at Kwinana, with Macquarie Capital becoming lead sponsor and two European groups negotiating to take on construction and operations.

After announcing yesterday a significant contract with Cross Yarra Partnership in Melbourne, Osborne Park-based Veris has today secured further surveying works contracts in the eastern states worth

Energy and infrastructure contracting group Valmec has secured $30 million in new construction contracts, including a 4 kilometre gas pipeline at Dacian Gold’s Mt Morgan project.

The number of workers on big projects in Western Australia is likely to stabilise at just one quarter of the peak level recorded during the mining construction boom, and that’s only if planned projects get approved, a new study has found.

Belmont-based building company Pindan has been selected to complete the first stage of a $23.8 million government project upgrading infrastructure for a remote Aboriginal community.

Three engineering alliances have been shortlisted for a $47 million 'smart freeways' project that will use technology to convert the emergency lane on part of Kwinana Freeway into a full-time traffic lane.

Dutch company KOTUG and local subcontractor Westug have been selected to provide towage services for Fortescue Metals Group at Port Hedland, 18 months after the iron ore miner won a tender that broke BHP Billiton’s monopoly at the port.

Shares in newly listed Parkd finished up 25 per cent today after the Perth-based company raised $6 million through a strongly supported initial public offering.

Engineering contractor RCR Tomlinson has secured a $33 million contract to design and construct a five-kilometre relocatable conveyor system for Fortescue Metals Group.

Shares in Downer EDI have jumped after the engineering group lifted its full-year profit because of larger-than-expected cost savings uncovered following its purchase of Spotless.

The state government has approved design alterations to the Swan River pedestrian bridge in an attempt to cut $4 million in construction costs, while also announcing further delays to the bridge’s opening date.

Construction work has spiked for a second straight quarter, far outpacing market expectations, but economists suggest the numbers could flatter to deceive.

Engineering and construction contractor Monadelphous Group has painted a positive outlook after tough trading conditions in recent years, with the company tipping strong revenue growth in the current financial year.

Southern Cross Electrical Engineering will raise $32 million through a share placement to provide working capital as the company’s order book continues to expand.

A $2.2 million expansion of the Murchison Widefield Array radio telescope has been completed, doubling the number of antenna stations at the facility, as design work on the planned Square Kilometre Array continues.

Civil infrastructure work in WA is expected to stabilise at around $6.5 billion a year, underpinning renewed optimism in the sector, the Civil Contractors Federation WA has found.

Cement and masonry supplier Adelaide Brighton, which owns Cockburn Cement, is investigating some transactions that may have hidden customer underpayments for supplied products.

Osborne Park-based Decmil Group has won a $75 million contract with BHP Billiton to upgrade and expand accommodation for the miner's existing operations and its planned South Flank iron ore project near Newman.

South Western Wireless WA is set to establish fixed wireless internet services across large parts of the Wheatbelt, after winning a tender run by the North Eastern Wheatbelt Regional Organisat

Long-running negotiations between CPB Contractors and the state government have resulted in the CIMIC Group subsidiary signing a $47.9 million contract for the New Lord St project at Ellenbrook.

Construction major CIMIC Group has reaffirmed its full-year profit guidance after lifting third-quarter profit by 20 per cent.

Belmont-based labour-hire firm GO2 People listed on the ASX today after raising more than $10 million to provide more labour to infrastructure projects and expand its building arm.

Shortlisted contractors for the widening of the Mitchell Freeway have been announced, with BMD Constructions, CPB Contractors and WBHO Infrastructure in the race for the $40 million contract.

The federal government has commissioned ACIL Allen and GHD to study the possible development of a pipeline from Western Australia to the eastern states, one of the critical elements of a possible national gas market.

A joint venture comprising local engineering group Clough and Finnish corporation Wartsila has won a contract to build a power station in Papua New Guinea for an undisclosed sum.