Dec 17 (Reuters) - CIMIC Group Ltd (CIM) :
- SETTLEMENT ACHIEVED ON WEST GATE TUNNEL
- CIMIC GROUP LTD NOW SEES STATUTORY AND UNDERLYING NPAT OF A$400-430 MILLION FOR 2021 FINANCIAL YEAR
- CPBJH JV CONTRIBUTION WILL BE A NEGOTIATED REDUCTION OF REVENUE OF A$600 MILLION
- CPBJH JV WILL FOREGO PROFIT MARGIN FROM PROJECT
- SETTLEMENT ALLOWS TUNNELLING WORKS TO COMMENCE IN EARLY 2022 WITH A REVISED EXPECTED COMPLETION DATE OF LATE 2025
- SETTLEMENT INCREASES CONTRACT VALUE OF PROJECT TO CPBJH JV TO A$8.57 BILLION FROM A$4.99 BILLION
- TERMS PROVIDE FOR CONTRIBUTIONS FROM VICTORIA STATE (A$1.9 BILLION), TRANSURBAN (A$2 BILLION) TO ENSURE PROJECT COMPLETION
