Downer awarded $490 million road maintenance contract
Page 1 of 1
Media/ASX and NZX Release
28 October 2022
DOWNER AWARDED $490 MILLION ROAD MAINTENANCE CONTRACT IN VICTORIA
Downer EDI Limited (Downer) today announced it had been awarded a road maintenance contract by the
Department of Transport valued at an estimated $490 million, subject to annual budget reviews, over a
maximum term of seven-and-a-half years.
The contract begins in February 2023 for an initial three-and-a-half-year term, with the option for two
two-year extensions.
Under the contract, Downer will deliver routine maintenance, planned maintenance, defect and hazard
rectification and emergency response services to more than 8,500 lane kilometres of road in Victoria’s Hume
region, stretching from Mitchell Shire on the edge of metropolitan Melbourne to the north-east corner of the
State.
The Chief Executive Officer of Downer, Grant Fenn, said the new contract would extend Downer’s strong
partnership with the Department of Transport, maintaining more than 9,500 lane kilometres of State roads in
Victoria.
“Downer is the leader in road services in Australia and New Zealand, maintaining more than 28,000
kilometres of roads across Australia and more than 25,000 kilometres across New Zealand,” Mr Fenn said.
“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.”
Authorised for release by Downer’s Chief Executive Officer, Grant Fenn.
About Downer
Downer is the leading provider of integrated services in Australia and New Zealand and customers are at the
heart of everything it does. It exists to create and sustain the modern environment and its promise is to work
closely with its customers to help them succeed, using world-leading insights and solutions to design, build
and sustain assets, infrastructure and facilities. For more information visit downergroup.com.
For further information please contact:
Media: Mitchell Dale, Group Manager Corporate Affairs +61 448 362 198
Investors: Adam Halmarick, Group Head of Investor Relations +61 413 437 487
Downer EDI Limited
ABN 97 003 872 848
Triniti Business Campus
39 Delhi Road
North Ryde NSW 2113
1800 DOWNER
www.downergroup.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- VNT — Ventia Services Group Limited: Ventia awarded New Zealand Road maintenance contract2022-08-01
“Ventia Services Group Limited ABN 53 603 253 541 Level 8, 80 Pacific Highway North Sydney NSW 2060 AUSTRALIA ventia.com ASX and NZX Release 2 August 2022 Ventia awarded New Zealand Road maintenance contract Ventia has been awarded a road maintenance contract…”
- VNT — Ventia Services Group Limited: Ventia awarded 10-year water and sewerage contract2022-08-24
“Ventia Services Group Limited ABN 53 603 253 541 Level 8, 80 Pacific Highway North Sydney NSW 2060 AUSTRALIA ventia.com ASX and NZX Release 24 August 2022 Ventia awarded 10-year water and sewerage contract Ventia Services Group Ltd (Ventia) today announced it…”
- VNT — Ventia Services Group Limited: Ventia extends contract with Government of Western Australi2023-01-03
“Ventia Services Group Limited ABN 53 603 253 541 Level 8, 80 Pacific Highway North Sydney NSW 2060 AUSTRALIA ventia.com ASX and NZX Release 3 January 2023 Ventia extends contract with Government of Western Australia Ventia Services Group Limited (Ventia) ha…”