Infrastructure

Decmil has announced the closure of its New Zealand subsidiary, citing major losses following the termination of a NZ$185 million contract with the country’s prisons department.

Surveying firm Veris has made a number of changes to its board, including Adam Lamond stepping out as managing director, as it deals with the impacts of the coronavirus pandemic.

SRG Global has withdrawn its full-year earnings guidance and deferred an interim payout to shareholders, citing the uncertain situation around COVID-19 and rapidly evolving virus-related measures.

Spanish engineering giant ACCIONA is continuing to challenge CPB Contractors’ dominance of the Western Australian infrastructure market, with the two groups heading competing consortia for the Bunbury Outer Ring Road.

WorkZone, Kleenit, Perkins Builders and LD Total have won three state government maintenance and building contracts.

National advisory body Infrastructure Australia has added regional roads upgrades in WA and Perth’s water security to its listing of high priority initiatives that need more attention, and notably has kept the proposed Morley Ellenbrook rail link near the bottom of its priority list.

Civil and mining contractor NRW Holdings has reported strong profit and revenue gains in its interim results, with the company saying its completed acquisitions and plans for alliance-style contracts would support strong future growth.

NSW-based contractor Downer has secured the road portion of works for the Denny Avenue level crossing removal in Kelmscott, ahead of Perth construction company Decmil.

The Metronet rail rollout could cost about $2 billion more than first estimated, as the state government gets shovels moving on projects amid delays.