Australia's Downer EDI wins $573 mln contract for maintenance of housing portfolio (updated)

DOWNER EDI

27/06/2024 05:57

(Rewrites lede, adds details in paragraphs 2-4)
       June 27 (Reuters) - 
    Australia's Downer EDI  DOW.AX  has secured an A$860 million
($572.9 million) contract for maintenance services across New
South Wales' public housing portfolio, the construction firm
said on Thursday. 
  
    As part of the contract, Downer will provide housing
modification and cleaning services to about 24,000 public homes
in areas such as Sydney, the Southern Tablelands, South Coast,
Macarthur and the Southern Highlands, and Illawarra. 
     Homes NSW, a government initiative, has awarded the
contract to the Sydney-based company for an initial period of
five years, with provisions to extend it for another five years.
    The contract will commence on July 1.

        
  
        
  
    

($1 = 1.5013 Australian dollars)

 (Reporting by Rajasik  Mukherjee; Editing by Mrigank Dhaniwala
and Sonia Cheema)
 ((Rajasik.Mukherjee@thomsonreuters.com;))