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Watpac Limited secures construction work order for Brisbane hospital

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Watpac Limited (ASX: WTP) has finalised an agreement to undertake Stage One construction works worth about $47 million for the new Mater Private Hospital Springfield in Brisbane.

The project involves the construction of a six-level, 10,000 square metre hospital comprising four operating theatres, an inpatient unit, a day surgery unit and Greater Springfield’s first cancer care centre.

Main construction works will commence in April 2014 and are scheduled for completion in late 2015.

Stage One of the new Mater Private Hospital Springfield, which has a total development value of $85 million, will be located at Springfield Central within ‘Health City’ – a 52-hectare master planned health and wellness precinct designed by Springfield Land Corporation in collaboration with Harvard Medical International.

The contract increases the company’s order book to almost $2 billion.

 

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