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DOWNER EDI LIMITED — Capital/Financing Update 2016
Jun 23, 2016
64784_rns_2016-06-23_530f035a-ce27-4090-be07-ff0a2b44b52c.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
24 June 2016
DOWNER AWARDED SUPPLY AND MAINTENANCE CONTRACTS WITH WESTERN AUSTRALIA’S PUBLIC TRANSPORT AUTHORITY
Downer EDI Limited (Downer) announced today that the Downer Bombardier joint venture had been awarded contracts by Western Australia’s Public Transport Authority (PTA).
The contracts for the supply of an additional 10 x 3 car B Series units and for maintenance services on all “A” and “B” series commuter fleets are valued at approximately $512 million.
The maintenance contract will run until 2026 and replace existing option rights available to the PTA under the previous maintenance agreement.
The new 10 x 3 B series units will be manufactured at Downer’s facility in Maryborough, Queensland and be delivered to the PTA by no later than December 2020.
The Chief Executive Officer of Downer, Grant Fenn, said the joint venture had provided services to the WA PTA for 25 years.
"These new contracts highlight Downer’s complete service offering and our ability to deliver value for our customers,” Mr Fenn said.
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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