By a staff reporter
A Lend Lease Ltd consortium has won a $630 million contract to design and build Bendigo Hospital in Victoria.
Investors appeared largely unmoved by the news, with shares rising 1.98 per cent at the 1615 AEDT official close to $10.30, against a benchmark fall of 0.45 per cent.
In a statement today Lend Lease said the Exemplar Health consortium had been chosen as the preferred bidder to to design, construct, maintain and finance the project, a private public partnership.
Lend Lease would invest half of the equity required for the project, with consortium partner Siemens making up the balance.
Other Exemplar Health partners include Capella Capital and Spotless.
the project is sexpected to be finalised by the end of May, with site works set to start shortly after.
The contract win follows a report earlier this week that the Victorian government may be exposed to a substantial damages claim from Lend Lease over its handling of the $630 million Bendigo Hospital tender.
In the six months to December 31, Lend Lease posted a net profit of $302.3 million, up 39 per cent from $217.8 million in the previous corresponding period.