WATPAC Limited (ASX:WTP) has signed a $24 million contract with Ronald McDonald House Charities to construct the new tower in South Brisbane.
The 12-level Ronald McDonald House is anticipated to become the largest of its kind in the world, creating additional accommodation for families of sick children.
The facility will be built opposite the new Lady Cilento Children's Hospital and complement the existing house near Mater Private Hospital.
Construction includes 112 rooms, communal spaces, retail area, landscaping and an on-site parking lot.
Watpac managing director Martin Monro says the project draws on the company's reputation for delivering health and residential developments.
"The Watpac team has extensive experience delivering projects that meet complex stakeholder requirements within both the health and residential sectors, and we are confident that our people's skills and expertise will help create a facility that will make a real difference in the lives of these children and their families," Monro says.
Local businesses will have the opportunity to get involved with the project, which is expected to create 80 construction jobs.
QLD and NT construction state manager Drew Brockhurst says Watpac will utilise its strong network in the industry.
"The site is located close to a busy hospital, the South-East Busway and other popular public spaces and our team will draw on their experience to ensure minimal disruption to these stakeholders," Brockhurst says.
Site establishment is underway, with major works to commence in coming weeks.
Watpac is also delivering Healthscope's $148 million Gold Coast Private Hospital and the $47 million stage one works for the new Mater Private Hospital in Springfield.
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