DOW
04/02/2015 11:10
GENERAL
PRICE SENSITIVE
REL: 1110 HRS Downer EDI Limited
GENERAL: DOW: Pacific National Locomotive Maintenance Agreement
Media/ASX and NZX Release
4 February 2015
DOWNER SIGNS LOCOMOTIVE MAINTENANCE AGREEMENT WITH PACIFIC NATIONAL
Downer EDI Limited (Downer) announced today it had signed a Locomotive
Maintenance Agreement (Agreement) with Pacific National Pty Ltd (Pacific
National) valued at approximately
$1 billion. The term of the agreement is ten years.
The Chief Executive Officer of Downer, Grant Fenn, said the Agreement was an
important development in Downer Rail's transformation to providing total rail
asset solutions to its customers.
"Under the Agreement, Downer will provide a full suite of asset management
services for over 300 Pacific National locomotives," Mr Fenn said.
"This includes a range of scheduled and unscheduled maintenance services and
a 24 hour Fleet Control Centre.
"The new features of the Agreement include remote monitoring of the assets
and inspections while in service to ensure more locomotives are available for
service, the locomotives are out on the tracks for longer hours and that they
run at higher levels of reliability."
For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61
439 470145
Luke Thrum, Manager Investor Relations +61 459 828720
Downer EDI Limited (Downer) provides services to customers in market sectors
including Mining, Rail, Transport, Utilities, Telecommunications and
Engineering, Construction & Maintenance. Downer employs approximately 20,000
people primarily in Australia and New Zealand but also in the Asia-Pacific
region, South America and Southern Africa.
End CA:00260305 For:DOW Type:GENERAL Time:2015-02-04 11:10:52
(20min delay)