CIMIC Group (ASX:CIM) company, CPB Contractors selected by the QLD Government to deliver the Bruce Highway upgrade

CIMIC Group (ASX:CIM) company, CPB Contractors has been selected by the Queensland Government to deliver the Bruce Highway upgrade.

The construct-only contract will generate revenue of $289 million for CPB. The project is funded by the Australian and Queensland governments.

The upgrade of the Bruce Highway between Woondum and Curra is a priority road project and is being progressed as part of the national highway network.

It will provide a bypass east of Gympie and improve safety while reducing congestion and is scheduled to be completed in mid-2024.

Shares in CIMIC Group (ASX:CIM) are trading 0.37 per cent lower at $18.74.
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Source: Finance News Network