Nexus consortium wins contract

expat network

Nexus consortium wins contract

Nexus consortium has been chosen to design, construct, finance, operate and maintain a 41km section of the Toowoomba Second Range Crossing toll road in Queensland, northeast Australia.

The consortium is led by Spanish construction group Cintra Infraestructuras, a subsidiary of Ferrovial, and includes infrastructure PPP investor Plenary Group, Spanish conglomerate Acciona and Australian PLC Transfield Services.

The US$1.2bn project has a concession period of 25 years which starts from the date the highway opens to traffic, scheduled for the end of 2018.

Bypassing the city of Toowoomba, the toll road is expected to divert heavy-goods vehicle traffic out of town.

The consortium will now work with the Queensland state government to finalise the contract.

Once finalised, the contract will be Cintra’s first investment in Australia.

Source and Link: Global Construction Review

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.