Cimic (ASX:CIM) share price flat despite another contract win

Cimic Group Ltd (ASX: CIM) shares are flat today despite the company announcing a new contract win with Rail Projects Victoria for a yet-to-be disclosed amount. 

At the time of writing, the Cimic share price is up just 0.07% at $26.58.

The scope of work

Cimic says Rail Projects Victoria has appointed its business, UGL, as preferred tenderer to improve rail services for Victoria’s Gippsland Line.

The value of the contract has not been disclosed, and the company says revenue to UGL will be confirmed at contract execution.

The scope of the project includes second platforms and station amenity works at three stations along the line and reactivating the second platform at Traralgon. Civic will also perform track duplication, level…