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DOWNER EDI LIMITED — Capital/Financing Update 2014
Jul 10, 2014
64784_rns_2014-07-10_277ca759-2bc4-4d3f-82a9-ca27150e7251.pdf
Capital/Financing Update
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Media/ASX and NZX Release
11 July 2014
Downer awarded maintenance contract with Western Australia’s Public Transport Authority
Downer EDI Limited (Downer) announced today that its joint venture with Bombardier Transportation Australia (Bombardier) had been awarded a contract by Western Australia’s Public Transport Authority (PTA), valued at around $40 million, for maintenance services on an additional 22, three-car “B” Series electric trains.
Downer Bombardier already provides the maintenance and cleaning for both the “A” and “B” series commuter fleets. The 22 new “B” Series trains are currently being manufactured by Downer Bombardier and are scheduled to enter passenger service by 2016.
The contract is for five and a half years with an option for an extension of an additional seven and a half years. After it commences, Downer Bombardier will maintain a total of 68 “B” Series three-car trains for the PTA.
The Chief Executive Officer of Downer, Grant Fenn, said Downer Bombardier had a long standing relationship with the PTA.
“Downer Bombardier has provided maintenance and cleaning work for the WA PTA for 10 years,” Mr Fenn said.
“This announcement further builds on the relationship and will help to support the objective of continual improvement to fleet performance”.
"The contract highlights Downer’s complete service offering and our ability to deliver value for our customers”.
For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61 439 470145 Luke Thrum, Manager Investor Relations +61 459 828720
Downer EDI Limited (www.downergroup.com) provides comprehensive engineering and infrastructure management services to the public and private Minerals & Metals, Oil & Gas, Power, Transport Infrastructure, Telecommunications, Water and Property sectors across Australia, New Zealand and the Asia Pacific region.
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Downer EDI Limited ABN 97 003 872 848
A Triniti Business Campus, 39 Delhi Road, North Ryde NSW 2113 P PO Box 1823, North Ryde NSW 2113 T +61 2 9468 9700 | F +61 2 9813 8915 | W downergroup.com