No threat to hospital project despite JV partner trading halt: Wyatt
It will be business as usual at the $207 million Karratha Health Campus site despite one of the project partners announcing it is facing financial hardship.
Cooper & Oxley has suspended trading as it reviews its financial viability, and work on its seven active sites around Perth is understood to have been suspended.
The company informed subcontractors via email on Sunday that it was not able to pay any accounts at present.
A spokesman for WA Treasurer and Finance Minister Ben Wyatt said while the situation was regrettable for Cooper & Oxley, it was unlikely to have an impact on the health campus.
“We are still confident the project will be delivered on time,” he said.
“Multiplex has informed us there will not be any material impact on the project.
“We are advised Multiplex will finish the project as a 100 per cent partner.”
The spokesman said the government had been advised no payments to subcontractors were overdue on the health campus project.
Cooper & Oxley and Multiplex are joint venture partners on the project.
On a visit to the site in September last year, Health Minister Roger Cook said construction was on budget and ahead of schedule.
The campus construction is due for completion in July this year. It is currently about 80 per cent complete.
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