Brief: Downer Edi Says Awarded Defence Redevelopment Contract In South Australia

DOWNER EDI

14/09/2023 02:22

Sept 14 (Reuters) - Downer EDI  DOW.AX :
    * DOWNER AWARDED DEFENCE REDEVELOPMENT CONTRACT IN SOUTH
AUSTRALIA
    * CONSTRUCTION IS PLANNED TO COMMENCE IN EARLY 2026 AND IS
SCHEDULED TO BE COMPLETED BY EARLY 2029
    * REVENUE WILL BE SPLIT 50:50 BETWEEN DOWNER AND JOINT
VENTURE
PARTNERS, CPB CONTRACTORS
    * CONTRACT WILL COMMENCE DESIGN DEVELOPMENT ACTIVITIES FOR
PROJECT
ESTIMATED VALUE, A$500 MILLION - A$750 MILLION - SUBJECT TO
FURTHER GOVERNMENT REVIEW
    * UNDER CONTRACT, JV TO DELIVER BUILDINGS, SERVICES AMONG
OTHERS

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