Downer EDI wins road maintenance contract worth $314m in Victoria

TAGS

Downer EDI Limited has secured a road maintenance contract worth AUD 490 million ($314.3 million) from ‘s Department of Transport.

The road maintenance contract in Victoria is for a maximum period of seven-and-a-half years. It will start in February 2023 for an initial period of three and a half years and has the option for a couple of extensions for two years.

As per the contract, Downer EDI will be responsible for routine maintenance, the rectification of defects and hazards, planned maintenance, and emergency response services to over 8,500 lane kilometres of road in the Hume region in Victoria.

See also  Shriram Properties reports record financial performance in FY24

The contract is for a stretch starting from Mitchell Shire located on the edge of metropolitan to the northeast corner of Victoria.

With the new contract, the new contract will extend the partnership of Downer EDI with the Victorian Department of Transport to the maintenance of over 9,500 lane kilometres of state roads in the Australian state.

See also  Morgan Stanley fined for failing to prevent insider trading by First Republic executive

— Downer EDI CEO said: “Downer is the leader in road services in and New Zealand, maintaining more than 28,000 kilometres of roads across Australia and more than 25,000 kilometres across New Zealand.

“We have been maintaining roads in Victoria since 2003, and we look forward to working closely with the Department of Transport to deliver road networks that ensure safe, efficient and reliable journeys, contribute to the State’s net zero emissions by 2050 target, provide sustainable employment, and create opportunities for local service providers and suppliers.”


Discover more from Business-News-Today.com

Subscribe to get the latest posts sent to your email.

CATEGORIES
TAGS
Share This