Decmil Group Limited advised that following the successful progress and completion of most parts of Stage 1 of the Albany Ring Road Project, the Company has been awarded the second phase of the Albany Ring Road project by Main Roads Western Australia (MRWA). The contract value of the second phase is $98 million. This contract adds to the previously awarded Stage 1 contract value of $55 million.

The second phase has previously been included in Decmil's work in hand number as "preferred" but has now become "contracted". The total value of the Albany Ring Road project is now $154 million. The works package consists of an 11.5 km freight route which will extend south from the Menang Drive and Albany Highway intersection, running parallel to Link Road and connecting to Princess Royal Drive.

The new road will be constructed around the City of Albany, linking to existing roads and improving access to the Mirambeena Strategic Industrial Area. The project is being delivered in two stages: Stage 1: Construction of a new interchange at Albany Highway and extension of the Ring Road south to Lancaster Road. Stage 2: Final section of the Ring Road from Lancaster Road to Princess Royal Drive.

Decmil has been on site in Albany constructing Stage 1 since October 2020. The total contract is expected to be completed in late 2024.