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DOWNER EDI LIMITED — Capital/Financing Update 2016
Nov 30, 2016
64784_rns_2016-11-30_2ae8698e-bb17-4a3c-8375-f7edc40f9ec9.pdf
Capital/Financing Update
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Downer EDI Limited ABN 97 003 872 848 Triniti Business Campus 39 Delhi Road North Ryde NSW 2113 1800 DOWNER www.downergroup.com
Media/ASX and NZX Release
1 December 2016
DOWNER AWARDED SYDNEY GROWTH TRAINS CONTRACT
Downer EDI Limited (Downer) announced today that it had been awarded the Sydney Growth Trains contract by Transport for NSW.
The contract is valued at approximately $1.7 billion and includes:
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an order of 24 double deck trains, with options for up to 45 additional sets; and
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“through-life-support” (maintenance) of the trains for an initial period of 25 years, plus two optional five year extensions.
CRRC Changchun Railway Vehicles (CRRC) will manufacture and deliver the trains for Downer under a sub-contract arrangement while Downer will deliver the through-life-support of the trains.
The Chief Executive Officer of Downer, Grant Fenn, said he was delighted to win the Sydney Growth Trains contract which would build on the proven success of the Waratah trains.
“The Waratah trains have achieved exceptional availability and reliability – in fact they are the best performing train in the world,” Mr Fenn said. “Importantly, they are also very popular with commuters and train drivers.
“There is more than 90% commonality between the design of the Sydney Growth Trains and the design of the Waratahs. All major sub-systems are the same including traction, brakes, doors, train information systems, heating, ventilation and air conditioning.
“We look forward to working closely with Transport for NSW to provide more outstanding trains for Sydney’s commuters as well as long term employment opportunities in the New South Wales rail industry.”
About Downer
Downer EDI Limited (Downer) is a leading provider of services to customers in markets including: Transport Services; Rail; Mining; Utilities Services; Technology and Communications Services; and Engineering, Construction & Maintenance. We build strong relationships of trust with our customers, truly understanding and predicting their needs and bringing them world leading insights and solutions. Downer employs about 19,000 people across more than 200 sites and projects, mostly in Australia and New Zealand, but also in the Asia-Pacific region, South America and Southern Africa. For more on Downer, visit: www.downergroup.com.
For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations
+61 439 470 145
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