A Queensland construction company has collapsed, plunging into jeopardy the fate of multiple state government-funded building projects worth hundreds of millions of dollars.
Last Thursday, the Queensland Supreme Court ordered Allroads Pty Ltd into liquidation.
Allroads specialised in civil construction and had taken on a number of major road and defence projects in Brisbane, Townsville and the Gold Coast adding up to more than $200 million. It was headquartered in Larrapinta in outer Brisbane.
The company had fallen into financial strife recently, going into administration earlier this month while at the same it was facing a winding up application from a pipe supplier over an unpaid debt.
Ultimately at the court hearing last week, the…
