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VENTIA SERVICES GROUP LIMITED — Capital/Financing Update 2022
Jul 3, 2022
66015_rns_2022-07-03_e117721d-8397-4ac4-b826-a48a7f86838e.pdf
Capital/Financing Update
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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
4 July 2022
Ventia awarded contract extensions with Yarra Valley Water
Ventia has been awarded contract extensions by Yarra Valley Water to continue delivery of preventative and emergency maintenance across its water network.
The contract extensions include a two-year extension to the north and south civil maintenance contracts and a one-year extension to the mechanical and electrical maintenance contract. The extensions were provided for in the original contract subject to performance.
The base value of the extensions is in excess of $100 million across the two years.
Ventia first commenced work for Yarra Valley Water in 2015. In 2021, Ventia received a three-year extension. The newly extended contracts awarded today will run from 2024.
Yarra Valley Water is the largest of Melbourne’s three retail water businesses and provides water supply and sanitation services to over 2 million people who live and work in the northern and eastern suburbs of Melbourne.
Yarra Valley Managing Director Pat McCafferty said he was pleased to see the contract extensions with Ventia.
“We are thrilled to extend our partnership with Ventia to deliver essential preventative and emergency maintenance across our network,” said Mr McCafferty. “They’ve proven themselves to be a strong partner with high standards of service delivery, customer service and products.”
Ventia Group Executive Infrastructure Services Tim Harwood said that our team has been recognised for delivering a strong performance and working as a true strategic partner.
“Over the course of the relationship, our team has focused on delivering excellence every single day, including helping to solve challenges and drive efficiencies that benefit both parties,” Mr Harwood said.
“I’m excited to continue to work closely with Yarra Valley Water, as we focus on achieving the best results for the community and driving our sustainability agenda.”
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For further information, please contact:
Investors Media Chantal Travers Sarah McCarthy General Manager Investor Relations General Manager Brand, Marketing & Communications [email protected] [email protected] +61 428 822 375 +61 400 993 542
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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
About Ventia
Ventia is a leading essential infrastructure services provider in Australia and New Zealand, proudly providing the services that keeps infrastructure working for our communities. Ventia has access to a combined workforce of more than 35,000 people, operating in over 400 sites across Australia and New Zealand. With a strategy to redefine service excellence by being clientfocused, innovative and sustainable, Ventia operates across a broad range of industry segments, including defence, social infrastructure, water, electricity and gas, resources, environmental services, telecommunications and transport.