smh.com.au has just announced that a consortium named Praeco, involving Leighton Contractors and ABN Amro has won the tender to build the new $300 million defence headquarters. Read all about it here.
Special Minister of State Gary Nairn has announced Praeco Pty Ltd as the winning bidder for the development, just outside the town of Bungendore.
“The bids that were there are all very good,” Mr Nairn said.
“At the end of the day the overall contract that was put forward, the way in which they will do this, this company (Praeco) just had its nose in front.”
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The arrangement involves building the complex, then leasing it back to the Dept of Defence for 30 years, before a buy back clause is enacted. Quite a cash cow if one was to ask me. One wonders if they are required to purchase/ scope out the sire where this will be built. Unfortunately I doubt it.
All this just in time for the masses from Western Sydney to come out and work on this project, like the good little soldier ants that they are.