Capital spending on major mining, energy and infrastructure projects in Australia is set to drop more than 60 per cent over the next three years, according to analysis by ANZ Banking Group.
Power generation company Pacific Energy has trimmed its full-year earnings guidance after reporting a lower than expected interim profit, but says a contract at the Tropicana gold mine will help it return to growth in 2016.
Mobile phone and internet covering across regional Western Australia is set to get a boost with 22 sites prioritised for the construction of 85 mobile phone towers, through the state government’s $45 million regional telecommunications project.
The state government is seeking expressions of interest to develop the heritage-listed East Perth power station site into a precinct that includes a mix of living, working and leisure opportunities.
Gas and power transporter DUET Group has stuck with its guidance for full year payouts to its shareholders despite a 60 per cent fall in half year profit.
Perth Stadium could deliver more than $291 million and 1,300 jobs each year to the Western Australian economy, however it will need to start bidding for major events now and market the stadium’s potential ready for its 2018 opening.
Rail freight business Pacific National has awarded engineering firm Downer a $1 billion contract to provide maintenance services to 300 of the Asciano subsidiary’s train fleet.
Construction contractor Georgiou, along with two Perth architecture firms, have been selected to work on the $57 million Aubin Grove train station ahead of a final construction tender later this year.
A joint venture between contractors Brierty and Bocol Constructions has won a $69 million contract to upgrade a section of the North West Coastal Highway in the Gascoyne and Pilbara regions.
Perth Airport has awarded contracts to Perth-based companies Brierty and Densford Civil to improve access and parking around Terminal 1, as part of a $42 million redevelopment project to upgrade the forecourt and car parks.
Plans to upgrade a major Perth highway using proceeds from a trucking toll have drawn widespread criticism, with the Chamber of Commerce and Industry, the Labor Party and the Greens all finding fault with the project and its funding.
Kerman Contracting has continued its run of success this year, securing a contract to develop new infrastructure at Rio Tinto’s Pilbara iron ore operations and in the process lifting its work in hand to $290 million.
The City of Stirling has announced its intention to build a $26 million pool at Scarborough Beach, amid the final planning stages of the Metropolitan Redevelopment Authority’s revitalisation of the area.
The completion of a $65 million infrastructure upgrade at Fremantle harbour is designed to boost the amount of freight carried on rail, but the key players are coy on how much difference the recent investment will make.
Rail infrastructure company Aurizon is positive but cautious about the West Pilbara iron ore project, with chairman John Prescott saying today that, on balance, he expects the development to proceed.
The costs of poor planning and delayed infrastructure in Western Australia have been revealed according to a new report from the Property Council of Australia.
Perth-based New Energy Corporation has received another boost to its proposal for Australia’s first waste-to-energy plant, with a commitment of waste from the Town of Port Hedland.
Freight operator Aurizon has received exclusive rights to develop the rail and port infrastructure for a major Pilbara iron ore project in which it is a partner.
CBH Group has withdrawn its proposal to the Australian Competition and Consumer Commission to offer long-term agreements with exporters on port capacity.
Transport Minister Dean Nalder and Regional Development Minister Terry Redman have unveiled plans to replace Denham’s century-old town jetty with a new $2.2 million structure.
Toronto-based design and engineering services provider WSP Global has bought Balfour Beatty’s New York-based professional services subsidiary, Parsons Brinkerhoff, for $1.45 billion.
KPMG associate director Nicole Lockwood has joined the new board of Infrastructure Australia, which recently became an independent statutory authority.
Engineering and infrastructure company RCR Tomlinson has returned a fifth straight year of revenue growth, delivering a statutory net profit after tax of $43.3 million.
Lend Lease has been selected to expand the Kwinana Freeway south of Roe Highway, in a $62 million contract announced by the state and federal governments today.
The Civil Contractors Federation Western Australia has backed a Productivity Commission report recommending large infrastructure projects be unbundled into smaller packages to encourage competition among contractors.
Ratings services Standard & Poor's said today it had revised its outlook on the 'BBB-' issuer credit ratings on DBNGP Trust, the owner of the Dampier to Bunbury Natural Gas Pipeline, and relate
Dampier to Bunbury gas pipeline owner DBP Transmission has completed negotiations with a majority of customers that use its pipeline, in a move it says will reduce its long term risk profile.
