DOWNER AWARDED SOUTH AUSTRALIAN ROAD MAINTENANCE CONTRACTS

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    Downer EDI Limited (Downer) announced today it had been awarded road maintenance contracts by the
    South Australian Government Department of Planning, Transport and Infrastructure (DPTI) valued at an
    estimated $420 million over a maximum term of 13 years. The contract also has provisions for additional
    minor capital works.
    The contracts begin on 2 November 2020 with an initial seven-year term with two extension options of three
    years plus three years.
    The Chief Executive Officer of Downer, Grant Fenn, said the new contracts would result in Downer
    expanding the services it provides to DPTI and maintaining 8,500 kilometres of roads in South Australia’s
    Metropolitan Zone and Regional North Zone.
    “Downer has been maintaining South Australian roads since 2003,” Mr Fenn said. “Currently, Downer is
    providing maintenance and emergency road services to DPTI, but under these new contracts Downer will
    also deliver a range of other services including maintenance of intelligent transport systems, management of
    third party works and minor capital improvements.
    “Overall, Downer will deliver reliable road networks to ensure efficient and safe journeys and also provide
    opportunities for local service providers and suppliers.”
    Downer Group employs over 3,500 people in South Australia, making it one of the State’s largest employers.
    Downer provides its South Australian customers with engineering, maintenance, asset management,
    operations and hospitality services in both metropolitan and regional areas.

    courtesy of Bell Direct
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    DYOR

    i hold DOW 9 bought in the recent downturn in March

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