May 22, 2018 Last Updated 7:58 AM, May 18, 2018

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Australia plans $200m airport redevelopment

AusBN – Queensland’s Gold Coast Airport is set to undergo a A$200 million redevelopment.

The Lets Invest for Tomorrow (LIFT) project aims to address the airport’s peak congestion issues.

Under the redevelopment plans will include the construction of aircraft stands, a three level terminal development and up to two aerobridges.

Two more wide-bodied aircraft parking stands and enhancements to the existing terminal building will also be developed later on in the project.

Construction of the project is scheduled for completion in 2020.

Gold Coast Airport CEO David Collins said: "This redevelopment will ensure more efficient use of terminal space and offer increased capacity, meaning service for travellers is faster and more efficient, with broader retail choice.

"Recent investigations have found the capacity of aircraft parking stands is currently exceeded at peak times, and if no action is taken to provide additional aircraft parking by 2018 access to the airport would need to be restricted.

"This could significantly impact the airport's ability to service future domestic and international passenger demand."


‘Beyonce-inspired’ skyscraper to be constructed in Melbourne

AusBN – Elenberg Fraser has announced plans to construct a new skyscraper in Melbourne that will mimic the shape of singer Beyonce’s body.

The 226-metre high skyscraper will boast a series of curves and bulges, which are designed to make it as structurally efficient as possible.

Beyonce’s music video for Ghost, which featured fabric-wrapped dancers, was the inspiration for the building.

An Elenberg Fraser spokesperson said: "For those more on the art than science side, we will reveal that the form does pay homage to something more aesthetic – we're going to trust you've seen the music video for Beyoncé's Ghost."

The 68-storey building was approved by planning officials in May and will contain 660 apartments and a 160-room hotel.

The firm added: "This project is the culmination of our significant research.

"The complex form – a vertical cantilever – is actually the most effective way to redistribute the building's mass, giving the best results in terms of structural dispersion, frequency oscillation and wind requirements."

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Keller Group acquire Austral Construction

AusBN – Austral Construction has been acquired by Keller Group (LSE: KLR) in a deal worth a reported £30.3 million (A$63 million).

Keller will pay an initial payment of £20.5 million in cash for the Australian firm and will then go on to make deferred payments of up to £9.8 million.

The price of the deferred payment will be dependent on Austral’s earnings over the next three years.

Austral is based in Melbourne and provides piling and civil construction services to the infrastructure and mining sectors.

Analyst Ander Gibb said: “The deal will be immediately earnings enhancing and help strengthen its existing presence in the near-shore marine work market in Australia.” 


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