Watpac wins $148m contract

Group to design and build new Gold Coast Private Hospital; inks Springfield deal.

Watpac (WTP) has won a $148 million contract to design and build the new Gold Coast Private Hospital.

In a statement to the Australian Securities Exchange, Watpac said construction of the 284-bed hospital is expected to commence late this year, with completion scheduled for late 2015.

The group has also been awarded the stage one managing contractor services for the new Mater Private Hospital Springfield, west of Brisbane.

The 80-bed hospital will span 10,000 square metres, with works to commence in January last year and to be complete by late 2015.