Downer wins over $300M contract
Downer EDI Ltd announced it has secured new orders totalling more than $300 million across its engineering, rail and road divisions.
The company's engineering division has been awarded over $200 million worth of work in the energy and renewable energy sectors including the design and construction of 111 wind turbine generators worth over $100 million, access roads and civil and electrical balance-of-plant works at Collgar Wind Farms, in central Western Australia.
Downer's Engineering division has also been selected as a panel member by Powerlink for major transmission projects in Queensland for the next five years. The contract is for the design and construction of a combined 132/275kV double circuit transmission line from Yabulu South to Ingham in North Queensland (approximately 93 km). Works also include the removal of an existing 132kV line consisting of steel lattice towers over a distance of approximately 87km.
Downer's Work division has also secured a $50 million contract for road surfacing and traffic control services on n Brisbane's Airport Link, Northern Busway (Windsor to Kedron) and Airport Roundabout Upgrade projects, and a three-year contract for the maintenance, resurfacing and emergency response winter services on State Highway 5 in New Zealand.
"These long-term road maintenance contracts across Australia and New Zealand further strengthen Downer's recurring revenue base and validate the Group's Asia-Pacific strategy," said Downer managing director and chief executive Geoff Knox. "Downer has over $16 billion of work-in-hand, excluding preferred position status and continues to see a strong pipeline of tendering opportunities across all sectors."