Downer wins State Highway 5 contract

Downer EDI said it had won new orders, including work on State Highway 5, worth more than A$300 million (NZ$372 million).

The State Highway 5 contract covers three-years of maintenance, resurfacing and emergency response winter services.

Long-term road works “further strengthen Downer’s recurring revenue base and validate the Group’s Asia-Pacific strategy,” Managing Director Geoff Knox said in a statement to the stock exchange.

Since February, the group has secured more than A$1 billion of work and is in a preferred position on more than A$3.5 billion of projects which it expects to be awarded in the next few months.

Knox said Downer had over A$16 billion of work-in-hand, excluding preferred position status and continued to see a strong pipeline of tendering opportunities across all sectors.

Businesswire.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:

Deposit scheme reduces risk, boosts trust - General Finance
May 12th Morning Report
PFI - Q3 Div & Upgraded FY25 Div Guidance, FY26 Div Guidance
AIA - Auckland Airport announces leadership team change
May 9th Morning Report
May 8th Morning Report
NZME Takeovers Panel determination
MNW - Commerce Commission clears the Contact Energy acquisition
May 7th Morning Report
General Capital Appoints New CFO