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SRG GLOBAL LIMITED — Capital/Financing Update 2019
Sep 22, 2019
65852_rns_2019-09-22_1e2c56a5-c9ed-4be0-a14f-51b284a64cad.pdf
Capital/Financing Update
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23 September 2019
SRG Global awarded ~$12m Dam Anchoring & Strengthening Project
Highlights:
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SRG Global has secured a ~$12 million contract for the supply and installation of specialist post-tensioned anchors for the Fairbairn Dam Improvement Project
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This contract award demonstrates SRG Global’s expertise and capability in dam anchoring and strengthening projects
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Project works are expected to commence in September 2019 with works expected to be completed by late 2020
SRG Global (‘the Company’) (ASX: SRG) is pleased to announce that it has secured a ~$12m contract as part of the Fairbairn Dam Improvement Project. Fairbairn Dam located near Emerald in Queensland is undergoing a significant ~$169.5m remediation and strengthening project, managed by Sunwater Limited (‘Sunwater’).
SRG Global’s Civil Division has been engaged by Sunwater to supply and install 78 specialist posttensioned anchors across the spillway crest. Works are expected to commence on site in September 2019 and be complete by late 2020. This scope of works is an extension of SRG Global’s working relationship with Sunwater on this project, having previously completed an earlier stage of works on this project.
SRG Global Managing Director, David Macgeorge said, “We are very pleased to be awarded another dam anchoring and strengthening contract with Sunwater. SRG Global is very proud of its in-house technical expertise that allows us to deliver projects such as these. This project reinforces SRG Global’s expertise in dam anchoring and improvement projects and we look forward to continuing our strong working relationship with Sunwater to deliver this project.”
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Media Contact Investor Contact Citadel-MAGNUS SRG Global Michael Weir Judson Lorkin, Corporate Development (08) 6160 4900 (08) 9267 5400
About SRG Global
SRG Global is an engineering-led specialist construction, maintenance and mining services group operating across the entire asset lifecycle. The Company operates three segments of Construction, Asset Services and Mining Services. For more information about the variety of services offered by SRG Global, click here.