Leighton Holdings Ltd (ASX:LEI) says its Thiess Services will benefit from a major five year Telstra contract awarded to Silcar, a joint venture company between Thiess Services and Siemens Ltd.

Under the new contract, Silcar will provide Network Integrity and Facilities Management services for Telstra’s exchanges and assets nationwide under a five year agreement estimated at $350m.

Silcar will undertake asset management and maintenance on Telstra’s network facilities that support its telecommunications network, including critical infrastructure such as standby power, energy and cooling systems.

Thiess Managing Director David Saxelby said the contract reaffirmed the working relationship between the two organisations was built on proven performance.

“Silcar’s strong relationship with Telstra has grown over more than 10 years and this contract recognises Silcar’s advanced and reliable capabilities,” Mr Saxelby said.

Thiess Services Executive General Manager and Silcar Chairman, Michael Wright, said the contract would provide Silcar with renewed opportunities to support Telstra in improving the value and sustainability of its network facilities.

“Silcar will to continue to work safely and maintain the superior level of service Telstra has come to expect in the delivery of network integrity and facility management services,” Mr Wright said.