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Watpac wins $83M contract to build nuclear medicine facility in New South Wales

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Watpac Limited (ASX: WTP) has been awarded a $83 million contract from the Australian Nuclear Science and Technology Organisation to design and construct the Nuclear Medicine Molybdenum-99 facility in Lucas Heights, New South Wales.

The new 4,250 square metre high-tech facility will supply critical life-saving radioisotope Molybdenum-99 to healthcare providers throughout Australia and overseas.

ANSTO has been producing Molybdenum-99 – an active pharmaceutical ingredient used in more than 45 million nuclear medicine diagnostic procedures each year worldwide – for about 40 years and provides half a million doses per annum.

Design work will begin in February 2014 and construction is scheduled for completion in early 2016.

The building is classified as a nuclear installation and will be designed to meet the requirements of the Australian Radiation Protection and Nuclear Safety Agency and Australian Non-proliferation and Safeguards Office.

Watpac’s other current projects include the $148 million Gold Coast Private Hospital, the $65 million Port Macquarie Base Hospital Expansion Project in New South Wales and the $40 million Phase 3 of the Queensland Institute of Medical Research in Brisbane.

 

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