DOW
22/06/2012 10:09
GENERAL
REL: 1009 HRS Downer EDI Limited
GENERAL: DOW: Downer awarded Fortescue locomotive contracts
Media/ASX and NZX Release
22 June 2012
DOWNER AWARDED FORTESCUE LOCOMOTIVE CONTRACTS
Downer EDI Limited (Downer) announced today that, in partnership with
Electro-Motive Diesel (EMD), it had been awarded rolling stock supply and
support contracts to design, build and deliver 19 new SD70ACe/LCi locomotives
to Fortescue Metals Group Ltd (Fortescue) in the Pilbara region of Western
Australia.
The first new locomotives are expected to be delivered in August 2012. The
total value of the project is over $73 million including the provision of
service and support activities for the19 locomotives for a minimum of five
years with an option to extend.
The Chief Executive Officer of Downer, Grant Fenn, said the Fortescue
contract highlighted Downer's complete service offering and its ability to
provide whole of life asset management for customers.
"This fleet of SD70ACe locomotives will bring significant performance
benefits to Fortescue including additional haulage capability, fuel
consumption improvements, exhaust emission benefits and reliability
improvements," Mr Fenn said.
The SD70ACe locomotive and its key components and systems are designed by EMD
(a subsidiary of Progress Rail and Caterpillar Inc.). Downer and EMD have
worked together for more than 60 years supplying and supporting locomotives
in Australia.
"By combining the technical strength and expertise of EMD with Downer's local
Australian knowledge and support, we will deliver a fully integrated
locomotive that complies with Australian customers' requirements," Mr Fenn
said.
The SD70ACe locomotive is a proven product, having successfully operated in
the arduous and demanding Pilbara environment for the past five years.
Downer Rail has over 100 years' experience and is a leading provider of
innovative and efficient rolling stock asset management solutions. Downer
Rail is a partner of choice for freight and passenger rail operators,
providing services at more than 30 strategic locations across Australia.
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 (www.downergroup.com) provides comprehensive engineering
and infrastructure management services to the public and private Minerals &
Metals, Oil & Gas, Power, Transport Infrastructure, Telecommunications, Water
and Property sectors across Australia, New Zealand, the Asia Pacific region
and the United Kingdom.
End CA:00224160 For:DOW Type:GENERAL Time:2012-06-22 10:09:33
(20min delay)