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Property developer Lend Lease Group (ASX:LLC) has announced the contractual close for Melbourne’s East West Link project.The company has entered into a Public Private Partnership with the Victorian State Government, valued at about $5.3 billion.Lend Lease is part of the East West Connect consortium who plan to finance, design and construct stage one of the project.CEO and Managing Director Steve McCann has described East West Link as an important infrastructure project for the state of Victoria.The project’s financial close is expected to occur next month and the project itself is anticipated to create about 3,700 jobs.Lend Lease Group reported a net profit of $823 million in the full 2014 financial year.
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Last
$5.44 |
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-0.010(0.18%) |
Mkt cap ! $3.754B | |||
| Open | High | Low | Value | Volume |
| $5.45 | $5.47 | $5.44 | $5.763M | 1.053M |
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| No. | Vol. | Price($) |
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| 1 | 17998 | $5.44 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.45 | 4414 | 1 |
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| LLC (ASX) Chart |