Civil infrastructure work boost to reduce effect of recession, page-33

Hi every one.. not sure if the April 30 WA government Media Statement on Infrastructure fast tracking has already been linked .. I don’t remember seeing it.

And, to opine again;
...  Currently NRW is final shortlisted for two infrastructure projects in  WA ( what is the other one after Bunbury Ring Road please?).
No doubt there will be others because NRW is the best and - frankly - there are not that many highly reputed road and bridge builders left out there compared to a few years ago?
Also one of the reasons BGC was bought was (possibly) with  a view to increasing potential for Government Infrastructure work as part of a diversification strategy to secure it government work if things went wrong?
So it is likely to win a few projecs?

This being said, it is worth re-visiting the good @Pioupiou ‘s thoughtful and relevant post of of January 24, 2020 on contracts, margins, revenue and more [here] ... We have seen before that NRW will walk away from projects - even final stage ones - rather than self harm.

...And we know, as has been repeatedly said, NRW has great relationships with Tier One mineral companies because of its’ reputation for excellence going back to days before the company was even listed (in 2007?).

In regards this reputation, today I came across a reminder of the ‘heart’ that drives this company when looking up Cyril Golding - founder of our Queensland division, Golding Contractors - to show a friend

[see here]. Remember the comments at time of purchase that Golding values and NRW values were aligned?
Ditto those of RCRMT where some will remember there were quality clients who held off on new orders until it was confirmed NRW was the purchaser?

I don’t know if BGC had the same kind of reputation but it is not BGC anymore .. It is NRW contracting and NRW is a name that means something.

These are frightening times but NRW’s workers are not riddled with Covid-19.
It is advertising for more of them too.
Its clients say they are  thriving.
In regards the infrastructure programs being rolled out it is very well qualified - by pre qualification rating of the highest status, by reputation, (especially given poor performance elsewhere) and by the fact it is dinky di Australian.

I don’t know much about EBITDA and margins and how figures this year compare to last year but, as said yesterday, I trust the opinions here of people who do know these things.
And I trust Jules, and -with eyes wide open to multiple problems and possible future losses, still I have been buying more shares

Cheers



https://www.mediastatements.wa.gov....-tracked-to-support-jobs-during-COVID-19.aspx


Major projects fast-tracked to support jobs

during COVID-19

Thursday, 30 April 2020

• New streamlined process for transport construction contracts worth up to $20 million
• State-wide Construction Panel established to expedite delivery of projects across WA
• New process will support small to mid-sized contractors during COVID-19 emergency
• More than $140 million of road and maritime projects will be expedited under the panel including vital road safety upgrades across the State
• 24 projects to create more than 1,000 local jobs

The McGowan Government has approved new measures to streamline the process for the awarding of contracts for transport construction projects up to a value of $20 million, creating more opportunities for local businesses and protecting local jobs.

The new State-wide Construction Panel Contract will include buying rules, designed to minimise the costs of tendering for companies, and maximise the spread of work among small and medium sized contractors.

Expediting the delivery of road and maritime projects through the new Construction Panel will assist contractors to plan and program works, save time and costs, whilst helping give local businesses certainty and retain local workers during the COVID-19 pandemic.

Up to $140 million of transport projects will be expedited under the panel, saving jobs and protecting the future contracting capacity of local Western Australian businesses.

It is expected more than 1,000 local jobs across the 24 projects will be brought forward.

The panel arrangements will also be considered for use as future projects come online, to ensure quicker project delivery and provide more opportunities for small to medium sized contractors.

In addition, Main Roads is fast-tracking the tendering process for a number of large-scale road projects, worth $2.37 billion and estimated to create 13,000 jobs.

Projects include:

• Bunbury Outer Ring Road - (budget $852 million)  - 4,500 jobs
• Leach Highway Welshpool Road Interchange - (budget $93 million) - 600 jobs
• Stephenson Avenue (Stirling) - (budget $125 million) - 800 jobs
• Fremantle Traffic Bridge - (budget $230 million) - 1,400 jobs
• Roe Highway/Great Eastern Highway/Abernethy Road - (budget $180 million) - 1,200 jobs
• Albany Ring Road (budget $175 million) - 1,000 jobs
• Great Northern Hwy Ord River North Stage 3 & 4 (budget $89 million) - 600 jobs
• Lloyd Street Extension (budget $40 million) - 280 jobs
• Tonkin Highway Gap project (budget $290 million) - 1,050 jobs
• Mitchell Freeway Extension to Romeo Road (budget $215 million) - 1,200 jobs
• Mitchell Freeway Hodges Drive to Hepburn Avenue widening (budget $76 million) - 530 jobs

Comments attributed to Premier Mark McGowan:

"Major projects will be a key part of our economic recovery post the COVID-pandemic.

"It's important we do everything we can to support our local businesses, so they are in the best position to continue to employ West Australians.

"These works will not only support and save local jobs, they will also provide much needed upgrades on road sites across the State."

Comments attributed to Transport Minister Rita Saffioti:

"We understand the devastating impacts COVID-19 has had on industry and are committed to working together to support local businesses and support local jobs.

"The proposed buying rules were underway prior to the current COVID-19 emergency, however given the current climate, they are being amended to further reduce tendering costs and provide more opportunities for local businesses to win Government contracts.

"This new panel will fast track major road and maritime infrastructure projects, worth up to $20 million, to support small and mid-tier businesses and save local jobs."

Premier's office - 6552 5000
Transport Minister's office - 6552 5500

Main Roads Projects

	Column 1	Column 2	Column 3
1	Region	Project Description	AnticipatedConstruction Cost
2	Great Southern[/FONT][/COLOR]	Churchill Rd, Denmark Shire - Widen Bridge over Denmark River	$1,500,000
3	Great Southern[/FONT][/COLOR]	South Coast Highway - Kojaneerup Passing Lanes	$15,000,000
4	Metropolitan[/FONT][/COLOR]	Great Northern Highway / Apple Street Construction of Roundabout	$9,000,000
5	Metropolitan[/FONT][/COLOR]	Wanneroo Road / Morley Drive Intersection Upgrade	$8,000,000
6	Metropolitan[/FONT][/COLOR]	Great Eastern Highway / Old Northam Road (East) Intersection Upgrade	$13,000,000
7	Metropolitan[/FONT][/COLOR]	Stock Road / Beeliar Drive Intersection Upgrade	$6,700,000
8	Metropolitan[/FONT][/COLOR]	Construct PSP - Fremantle Line (Victoria St to North Fremantle Station)	$6,000,000
9	Metropolitan[/FONT][/COLOR]	Construct PSP - Kwinana Freeway  (Leach Highway to Mount Henry)	$12,000,000
10	Mid West-Gascoyne[/FONT][/COLOR]	Brand Highway / Barrett Road Intersection Improvements, Geraldton	$2,000,000
11	South West[/FONT][/COLOR]	South Western Highway -  Yarloop to Harvey Seal Widening Stage 1	$2,600,000
12	South West[/FONT][/COLOR]	South Western Highway - Thompson Hill Curve Realignment	$9,000,000
13	Wheatbelt[/FONT][/COLOR]	Brookton Highway / Rabbit Proof Fence Intersection Improvements	$1,480,000
14	Wheatbelt[/FONT][/COLOR]	Great Eastern Highway - Walgoolan to Southern Cross Bridge and Road Works	$13,600,000
15	Wheatbelt[/FONT][/COLOR]	Great Eastern Highway - Coates Gully:  Replacement of 4 Timber bridges with culverts	$7,500,000
16	Wheatbelt[/FONT][/COLOR]	Bridge Replacement and tie in works	$5,150,000
17	Wheatbelt[/FONT][/COLOR]	Northam Cranbrook - Shoulder sealing	$3,777,600
18	Wheatbelt[/FONT][/COLOR]	Collie Lake King Road -Widening and Safety Improvements	$1,660,000
19	Wheatbelt[/FONT][/COLOR]	York Merredin Road - Seal shoulders (Bruce Rock to Merredin)	$2,823,000
20	Wheatbelt[/FONT][/COLOR]	Albany Highway - Upgrade of Crossman intersection	$1,950,000
21	$127,740,600[/FONT][/COLOR]

Department of Transport - Maritime Projects

	Column 1	Column 2	Column 3
1	Region	Project Description	AnticipatedConstruction Cost
2	Wheatbelt[/FONT][/COLOR]	Jurien Bay Boat Harbour Electrical Upgrade	$1,300,000
3	Metropolitan[/FONT][/COLOR]	Two Rocks Marina Landscaping Works	$800,000
4	Metropolitan[/FONT][/COLOR]	FFBH – Jetty 3 Replacement (funding allocated in 21-22 to 22-23)	$4,300,000
5	Pilbara[/FONT][/COLOR]	Onslow Maritime Facility - Community Boating Precinct	$7,500,000
6	Pilbara[/FONT][/COLOR]	Spoilbank Marina Access Roads	$2,000,000
7	$15,900,000[/FONT][/COLOR]