The government of Western Australia will not move forward with a planned $1.6 billion redevelopment of the Perth Convention and Exhibition Centre but will instead divert most of its $1.6 billion investment to a hospital infrastructure fund.
AGL has agreed to sell the lion’s share of its equity stake in Tilt Renewables to the Queensland Investment Corporation and Australia’s sovereign wealth fund for $750 million.
The Australian Renewable Energy Agency will invest $45 million into Fortescue’s first-of-its-kind solar innovation hub in Western Australia’s Pilbara region.
Real estate investment fund manager ISPT has sold an 11-storey A-Grade office tower in Parramatta’s CBD for $82 million.
Acciona is facing what it says is a “hopelessly flawed” suit by its construction partner on the troubled East Rockingham waste-to-energy plant over patented equipment used to facilitate waste combustion.
A judge won’t schedule an initial trial on the limitations period in a $150 million coverage spat between insurers and Northwest Rail Link builders CPB Contractors and John Holland.
A French engineering and consulting group involved in some of Australia’s largest public transport projects has acquired unlisted Australian multi-disciplinary engineering firm BG&E Group.
The government has granted speedy approval to a solar farm and BESS on cleared land near Toowoomba in Queensland.
A defunct design firm has been found guilty of health and safety violations after a shoring wall fell down at a Geocon construction site in Canberra, with a magistrate saying the collapse could have caused multiple deaths.
Developer Villawood wants to add its director’s three daughters to its case over an alleged “dishonest and fraudulent design” to divert valuable management fees for a project in Wallan, Victoria to the director’s family company.