in Queensland is on track, and the Komo
Airport project in PNG was completed with
a good commercial outcome achieved. A
number of key changes were made to the
business unit's structure during the year to
improve performance and better position
the company for the changes occurring in
the industry. The Oil & Gas sector is active
both in Australia and the other regions
where we operate, providing a good list
of opportunities. Revenue for 2014 will
reduce as we complete these current major
projects however there are a number of
good new pipeline opportunities going
forward.
however the team continued its strong
execution performance. Winning new
major projects however, has proved a
challenge. In New Zealand, manufacture
of the massive tunnel boring machine
for the NZD1.3 billion Waterview project
was completed and it is currently being
assembled on site in Auckland.
In Singapore, work on the Beauty World
MRT Station & Tunnels project is moving
towards substantial completion ahead
of time. Strong performances on these
projects places the group in a good position
to secure future infrastructure transport
projects across Australia, Singapore and
New Zealand. The underground mining
sector is committed to productivity and
technology improvements to ensure long
term sustainable mining and we are well
placed to work with leading mining groups
to develop innovative tunnelling solutions.
and grew strongly on the previous year.
The company achieved a record award of
new work which bodes well for improved
revenues again next year. Performance
was very strong in Western Australia,
the highlight being the awarding of the
Perth Airport terminal project. In South
Australia work continues on the upgrade
of the Centro Arndale Shopping Centre
and Whyalla Regional Cancer Centre, with
both projects on target for completion.
Built Environs was awarded Australian
Institute of Building Awards for their work
on the Noarlunga to Seaford Railway
Extension and University of Adelaide
Capital Management Plan. Both projects
now go through to the national awards. In
Queensland Built Environs' teams continue
their partnership with McConnell Dowell
on the Gold Coast Light Rail public-private
partnership. This project provides a
springboard for Built Environs to pursue
a range of new opportunities in that state.
the utilities sector and a strong contributor
to the McConnell Dowell Group with strong
revenue (A$283 million) and profit growth.
In New Zealand, business remains strong
underpinned by long term maintenance
contracts in transmission lines and
substations. Work levels in the gas
business remain high and good growth
has been experienced in the distribution
sector on the back of the Vector contract
and work secured with new customers.
Electrix Australia has experienced growth
through significant contracts with Powerco,
the extension of existing term contracts.
In Queensland, Electrix has positioned
itself as a major player in the industrial
and resources sector with work being
done for GLNG, QGC and Boral in its own
right, and in conjunction with McConnell
Dowell. The focus on gas and high voltage
substations in Australia has paid off with
contracts secured with APA for gas mains
refurbishment in South Australia and
Western Power for substation construction.
Electrix goes into the new financial year
with a record level of work on hand and
excellent prospects to expand in the
distribution, gas, transport and water
sectors.
safety have improved significantly in
2012/13 with near miss reports up by 25%
and the Potential for Harm Observations
doubling the target. These indicators look
to the future and help us focus on injury
prevention. In terms of lag indicators,
the LTIFR improved this year to 0.63 (per
million manhours), compared with 0.68
last year. Our ongoing target is to improve
performance against rolling three year
indicators by 10% annually. The major
initiative undertaken this year was the
centralisation of the HSEQ function in
Melbourne to drive efficiency, consistency
and improvement in risk management and
performance across these key business
disciplines.
Transport