LOCAL COMPANY SCORES SLICE OF $1.5B NORTHERN LINK

Written on the 5 October 2010

LOCAL COMPANY SCORES SLICE OF $1.5B NORTHERN LINK

BRISBANE infrastructure developer BMD Group has been awarded the hotly-contested tender for the Northern Link project, as part of the Transcity consortium.

The infrastructure giant will receive a share of around $450 million in the project.

BMD Group executive director Scott Power (pictured) says the process for the $1.5 billion tender has been ‘agonising’ but the result will help drive Brisbane towards its tagline as a ‘new world city’.

“It’s a great result for BMD, it’s great for Brisbane and as with any process like this they keep you guessing and this one is like no other in terms of the probity and confidentiality involved,” he told Brisbane Business News today.

“I think some of our competitors have tried to play up that we’re an international consortium, but the reality is that BMD was the only truly local company in the consortia. We’ve been here for more than 30 years and we’re a major component of Transcity.

“(Spanish-based) Acciona has 40 per cent, while Ghella from Italy and BMD both have 30 per cent, but we’re an integrated team, a local team.”

The Northern Link project will involve a tunnel linking the Centenary Motorway and the Inner City Bypass, with plans to open to traffic in 2014.

BMD came in at No.6 in the Brisbane Business News Top 50 Private Companies edition with annual revenues of $847 million. The company employs 1200 people.


Latest News

DREAMWORLD PARENT COMPANY DEMOTES CEO DEBORAH THOMAS

ARDENT LEISURE, the parent company of Gold Coast's Dreamworld theme park, has reshuffled its core leadership w...

MELBOURNE SHOPPING CENTRE SELLS FOR $48m AS CHINESE DEMAND RAMPS UP

A MELBOURNE shopping centre has been sold for $48 million, bringing the total spent by Chinese investors on Victor...

HOW WEDDING WOES INSPIRED A BOOMING BUSINESS FOR MEGAN ZIEMS

WHEN she was dress shopping for her wedding in 2010, Megan Ziems (pictured left) was disappointed to discover a ma...

SPOTLESS REJECTS DOWNER'S 'HOSTILE' $1.2B BID AS IT PROMISES A STRATEGY RESET

CLEANING and catering services company Spotless has rejected a $1.26 billion takeover bid from mining services firm D...

Related News

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call hom...

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's rad...

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordo...

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter