By Nathan Allen

Hochtief AG's (HOT.XE) Australian subsidiary Cimic Group Ltd. (CIM.AU) said Friday that it has signed a contract valued at 424 million Australian dollars ($287.3 million) contract to redevelop a hospital in Sydney.

Construction on the Campbelltown Hospital Stage 2 project has begun and should be completed by mid 2023, Cimic said.

Under the contract, Cimic said it will expand the hospital's clinical and support services, as well as mental-health and pediatric facilities.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

August 16, 2019 06:32 ET (10:32 GMT)

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