Transfield signs grid contract worth up to half a billion dollars

Australian infrastructure specialist Transfield Services has extended its 15-year relationship with the New Zealand national grid operator Transpower for another six years, in a contract worth potentially half a billion dollars.

The $318 million contract holds out the prospect of another $180 million of work over the period, making its total potential value $498 million.

“The work includes major capital works projects and maintenance of the grid’s transmissions lines, substations, meters and transformers,” said Transfield chief executive Peter Goode in a statement.

Transpower is currently investing heavily in grid upgrades after an extended period of under-investment over the last 20 years.

(BusinessDesk)

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

GTK - Gentrack's Veovo Acquires Dubai Technology Partners
SML - Additional information following Bright Dairy announcement
April 30th Morning Report
Rua Bioscience Market Update
FSF - Fonterra announces interim leadership changes
April 29th Morning Report
NZK - Blue Endeavour Pilot Farm and Wellboat Update
TRU - FY 31 March 2026 Revenue and Results Guidance Achieved
FBU - Fletcher Building sale of Fletcher Reinforcing and Wire
April 28th Morning Report