Brief: Channel Infrastructure NZ Gets New Customer Contract To Upgrade Marsden Point

Channel Infrastructure NZ

01/05/2024 01:43

May 1 (Reuters) - Channel Infrastructure NZ Ltd
 CHI.NZ :
    * NEW CUSTOMER CONTRACT TO UPGRADE MARSDEN POINT
    * ENTERED A NEW SEVEN-YEAR CONTRACT WITH ITS CUSTOMERS
REGARDING
AN UPGRADE TO CHANNEL'S MARSDEN POINT INFRASTRUCTURE
    * SEES UPGRADE WILL INVOLVE INCREMENTAL GROWTH CAPITAL
EXPENDITURE
ACROSS 2024 OF NZ$12-15 MILLION IN FY24
    * REVENUES FROM NEW CONTRACT ARE ANTICIPATED TO COMMENCE IN
LATE
Q4 2024
    * SEES UPGRADE TO GENERATE INCREMENTAL REVENUE OF NZ$3
MILLION PER
ANNUM

Further company coverage:  CHI.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))