Hochtief wins $180m Australian airbase upgrade

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Hochtief wins $180m Australian airbase upgrade

Hochief subsidiary, CIMIC Group company, CPB Contractors, has been selected by the Australian Department of Defence to deliver the C‐17A Maintenance Facility, Aircraft Apron and Associated Infrastructure Project at the RAAF Base Amberley in Queensland.

The contract will generate revenue to CPB Contractors of approximately $180 million. CIMIC Group Chief Executive Officer Adolfo Valderas said: “The CIMIC Group’s diverse capabilities and major project experience position us strongly for Department of Defence works, such as the C‐17A project.

“Our track record is underpinned by the effective completion of challenging building and engineering works, often undertaken in complex and fully‐operational environments, and without disruption to critical activities or services.”

CPB Contractors Managing Director Román Garrido said: “Our team’s history of successfully delivering defence infrastructure is extensive and includes the flexible and responsive management of works programs so that they are delivered on time and within budget.

“The C‐17A project is significant in that it will upgrade aircraft fleet facilities to world‐class standard and improve the engineering and maintenance operations at the RAAF’s largest base in Australia.”

As managing contractor, CPB Contractors will deliver a new maintenance facility, aircraft apron and associated airfield infrastructure and ground support equipment facilities.

Construction is scheduled to commence in February 2017 and conclude in October 2018.

The RAAF Base Amberley is located 40km south‐west of Brisbane on the outskirts of Ipswich.

Abou Hochtief Group

Hochtief is one of the most international construction groups worldwide. The company delivers complex infrastructure projects, in some cases on the basis of concession models. The Group operates in the transportation infrastructure, energy infrastructure and social/urban infrastructure segments as well as in the contract mining business.

With around 44,000 employees and a sales volume of more than EUR 21 billion in FY 2015, Hochtief is represented in all the world’s major markets. With its subsidiary CIMIC, the Group is market leader in Australia. In the USA, the biggest construction market in the world, Hochtief is the No. 1 general builder via its subsidiary Turner and, with Group company Flatiron, ranks among the most important players in the field of transportation infrastructure construction.

Source: www.hochtief.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.