Downer EDI Limited (Downer) today announced it had been awarded two road maintenance contracts by
Auckland Transport, valued at approximately $800 million over a maximum term of 10 years.
The contracts commence on 1 July 2022, with initial five-year terms plus five-year extension options.
Downer will act as stewards of Auckland Transport’s Central network and North Rural network, delivering
maintenance and renewal activities and emergency repairs.
The contracts expand Downer’s strong working relationship with Auckland Transport, which includes the
delivery of the award-winning Downtown Program.
The Chief Executive Officer of Downer, Grant Fenn, said Downer is the leader in road maintenance services
in Australia and New Zealand.
“Downer maintains 28,000 kilometres of roads across Australia and 25,000 kilometres across New Zealand,”
Mr Fenn said.
“Downer has been maintaining roads in Auckland for more than 30 years, and we look forward to continue
working closely with Auckland Transport to deliver reliable road networks to ensure efficient and safe
journeys.”
The Chief Executive Officer of Downer New Zealand, Steve Killeen, said the contracts were an opportunity to
deliver positive social and sustainable outcomes for Downer’s customers and communities.
“Our collaborative relationship with Auckland Transport has given Downer the opportunity to continually
improve and develop our services. We’re committed to making a positive impact on the communities we
serve by delivering high-performing, sustainable and reliable solutions,” Mr Killeen said.
Authorised for release by Downer’s Chief Executive Officer, Grant Fenn.
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DYOR
i hold DOW i bought in March 2020 ( @ $3.64 )
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