The value of the initial agreement with Syntheo, a joint venture between Lend Lease Group and telecommunications and utilities builder and manager Service Stream, is approximately $A141 million, with a potential value of up to $A341 million if extended for a further two years.
NBN Co Head of Construction Dan Flemming said “This contract completes the picture for the NBN as we are now in a position to start rolling out the National Broadband Network in every state and territory across Australia.
“In fact, work in South Australia and the NT is already underway. We engaged contractors on a temporary basis for on-site design and other preliminary site works so Syntheo can hit the ground running.”
NBN Co’s 12-month national rollout schedule includes nine sites in South Australia covering more than 63,000 premises and two sites in the Northern Territory covering 22,000 premises. Over the next year NBN Co and its construction partners will be operating in 60 communities across the country, rolling out fibre past half a million homes and businesses, not including greenfield sites.Article continues below…
It is estimated that the average time from the start of works at a site to the activation of first services is around 12 months.
Syntheo won a similar contract to construct the NBN in Western Australia. Queensland, New South Wales and the Australian Capital Territory have Silcar as the primary construction company, in Victoria it’s Transfield.