A judge has struck out builder CPB Contractor’s “clearly untenable” claim against Transport for NSW for $63 million in delay costs for work on the Pacific Highway upgrade.
In its largest ever investment, the federal government’s Clean Energy Finance Corporation has pledged $2.8 billion for the Marinus Link project to build a second underwater cable between Victoria and Tasmania.
The liquidators of real estate investment company Global Capital Property Fund have expanded their suit alleging breaches of fiduciary duties in relation to a $50 million Queensland development, adding special purpose vehicles for several developments in Victoria.
The ACCC has taken Sydney’s four largest mobile crane companies and four of their senior executives to court for allegedly engaging in cartel conduct by agreeing not to supply cranes to certain customers or construction sites.
The owners corporation of a 98-unit Parklea development by defunct builder Dyldam Developments have appealed a ruling that found time was up on its insurance claim for building defects in a property completed 17 years ago.
Mirvac has entered into a joint venture with Japanese developer Mitsubishi Estate to deliver a mixed-use precinct in Sydney’s Darling Harbour, estimated to have an end value of over $2 billion.
Perth-based construction and mining contractor NRW Holdings will acquire engineering company Fredon Industries in a $200 million takeover bid.
A Tasmanian community group has lost its appeal against a decision by a local council to grant a permit for Ark Energy’s proposed St Patricks Plains Wind Farm, but a tribunal has ordered the wind farm to tweak its plans.
Plans to transform the site of the former VicRoads in Kew have progressed, with four developers invited by the Victorian government to put forward development proposals, including Lendlease and Mirvac.
A court has ordered the de facto director of failed construction company Trinco to pay its liquidator $10 million, finding that the builder had been trading while insolvent since 2018.