The 55-metre road reconstruction project was contracted to Dubbo-based company Belmur Pty Ltd for $598,800.

However, the company is now under external administration – on Wednesday, it notified the Australian Securities and Investment Commission it would be wound up and a liquidator appointed.

The Central Western Daily understands work stopped on Tuesday last week. 

Council spokesman Nick Redmond said the council had been notified of the liquidator.

“We now have powers to take over the works and we have exercised that power,” he said.

“We will finish the project – we’re still getting the scope of the remaining works but we hope to be on site early next week if all goes well.”

The contract was awarded earlier this year after tenders in the first round in December failed to meet the budget and the scope of the work was revised.

Belmur did not respond to requests for comment.