DOWNER AWARDED SOUTH AUSTRALIAN ROAD MAINTENANCE CONTRACTS

Page 1 of 1
  1. 82.9k
    Posts

    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
    =======================================================================

    DYOR

    i hold DOW 9 bought in the recent downturn in March

  2. 82.9k
    Posts

    DOWNER AWARDED $800 MILLION IN ROAD MAINTENANCE CONTRACTS

    Downer EDI Limited (Downer) today announced it had been awarded two road maintenance contracts by
    Auckland Transport, valued at approximately $800 million over a maximum term of 10 years.
    The contracts commence on 1 July 2022, with initial five-year terms plus five-year extension options.
    Downer will act as stewards of Auckland Transport’s Central network and North Rural network, delivering
    maintenance and renewal activities and emergency repairs.
    The contracts expand Downer’s strong working relationship with Auckland Transport, which includes the
    delivery of the award-winning Downtown Program.
    The Chief Executive Officer of Downer, Grant Fenn, said Downer is the leader in road maintenance services
    in Australia and New Zealand.
    “Downer maintains 28,000 kilometres of roads across Australia and 25,000 kilometres across New Zealand,”
    Mr Fenn said.
    “Downer has been maintaining roads in Auckland for more than 30 years, and we look forward to continue
    working closely with Auckland Transport to deliver reliable road networks to ensure efficient and safe
    journeys.”
    The Chief Executive Officer of Downer New Zealand, Steve Killeen, said the contracts were an opportunity to
    deliver positive social and sustainable outcomes for Downer’s customers and communities.
    “Our collaborative relationship with Auckland Transport has given Downer the opportunity to continually
    improve and develop our services. We’re committed to making a positive impact on the communities we
    serve by delivering high-performing, sustainable and reliable solutions,” Mr Killeen said.
    Authorised for release by Downer’s Chief Executive Officer, Grant Fenn.

    courtesy of Bell Direct
    =======================================================================

    DYOR

    i hold DOW i bought in March 2020

Your browser is too old for TopStocks and not secure. Please update your browser