Samsung C&T wins $786m contract for M4-M5 Link Main Tunnel in Sydney
August 23, 2018 – Samsung C&T, the construction arm of South Korea’s Samsung Group, has won a $785.9m order from Sydney Motorway, established by the New South Wales (NSW) government, to build a 12.9km motorway in western Sydney.
The contract will allow the company to participate in all three stages of a major construction project in Australia.
The latest order is the third phase of WestConnex project, an integrated transport scheme to build a 33km underground motorway in Sydney, which involves the construction of an annex and underpass linking Haberfield to St Peters.
The project accounts for 3.01% of Samsung C&T’s consolidated sales in 2017.
The Korean company has a 33.3% stake in the WestConnex project after it secured orders valued at $2.32bn from the motorway project in Sydney.
According to a Samsung C&T official, the company was awarded the latest order after it completed the construction of motorways for the first and second phases of the WestConnex project in 2015, and its technical skills.
Samsung C&T plans to begin construction for the third phase in September 2018 according to plan and complete the work by June 2023.
Meanwhile, more than 75% of the excavation work of the two 9km twin tunnels of the WestConnex New M5 has been completed and new bridge girders are being placed above ground at the St Peters interchange.
NSW Premier Gladys Berejiklian and Minister for WestConnex Stuart Ayres inspected the New M5 tunnel portals and bridge progress at the St Peters interchange, which is set to open in early 2020.
The 9km twin tunnels are expected to double capacity of the M5 corridor with four lanes in each direction and also reduce travel times by up to 30 minutes.
Federal Minister for Urban Infrastructure and Cities Paul Fletcher said that the Turnbull and Berejiklian governments have been working together to deliver WestConnex to reduce congestion across Sydney, generate thousands of jobs and grow the economy.