Construction to begin on TasNetworks NWTD Stage 1 Project

Key points

• Notice to Proceed issued by TasNetworks
• Construction Phase to start immediately
• Project completion scheduled for 2029
• Total contract value of approximately $750 million

Full summary

GenusPlus Group Ltd, an infrastructure, construction, maintenance, and service provider, has announced that all conditions for the Construction Phase of the TasNetworks North West Transmission Developments (NWTD) Stage 1 Project have been met. TasNetworks has issued a Notice to Proceed, allowing GenusPlus to commence construction immediately, with a scheduled completion date of 2029. The total contract value for the project, including Early Contractor Involvement (ECI) and Early Works Agreements (EWA) valued at $122 million, is approximately $750 million.

Guidance

Total contract value for NWTD Stage 1 Project: approximately $750 million

Outlook

GenusPlus is committed to delivering lasting value for the Tasmanian community through this project, creating employment and business opportunities.