Strabag subsidiary awarded €125m highway contract

Photo: Georgiou Group

The project will deliver major upgrades to two intersections on Reid Highway, Altone Road and Drumpellier Drive/Daviot Road, by converting them into grade-separated, bridged interchanges.

The works, which began with preparatory activities earlier this year, are scheduled for completion in 2028.

The upgrade is designed to reduce congestion, improve traffic flow, and enhance safety along one of Perth’s busiest freight and commuter routes in the city’s northeastern corridor.

As part of the scheme, a new bridge and several underpasses will be constructed to improve access for cyclists and pedestrians, supporting greater connectivity to the Swan Valley wine and tourism region.

The project is jointly funded by the Australian federal government and the government of Western Australia.

“Georgiou and Strabag are proud to be delivering this major infrastructure project in Australia. Australia is a prime example of our principle of global-local presence,” said Siegfried Wanker, member of the management board for Strabag SE’s International and Special Divisions segment.

“This project marks a milestone in our shared journey and highlights the potential of our long-term partnership.”

Strabag acquired Georgiou Group in March in a deal worth €140 million (US$ 163 million), marking its entry into the Australian market.

The company said the deal would add around €790 million (US$ 921 million) in annual revenues.

In its financial results for the first half of 2025, Strabag announced a 7% increase in output to €8.9 billion (US$ 10 billion), around half of which it said was down to the completion of the acquisition.