30 June 2009 O’Donnell Griffin Rail secures $96.5 million signalling installation contract with BHP Billiton Iron Ore Norfolk Group Limited (ASX: NFK) subsidiary O’Donnell Griffin Rail, has secured a $96.5 million contract for rail signalling relocation and installation for BHP Billiton Iron Ore’s Rapid Growth Project 5 (RGP5) in the Pilbara region of Western Australia. The bulk of the contract, which is expected to run for 18 months beginning in June 2009, will see a total overhaul of the current signalling installation to improve transit times from mine to port. David Howe, General Manager of O’Donnell Griffin Rail, said the company has been involved in the previous asset development and expansion works carried out by BHP Billiton Iron Ore over the past decade, including works associated with the Rapid Growth Projects 2, 3 and 4 (currently being completed). “We are pleased to be involved with RGP5, given its importance to the ongoing mining focus in WA and further enhances our reputation in the North West to deliver challenging and complex signalling installation projects.” said Mr Howe. “We value this contract highly and look forward to further enhancing the strong working relationship built over the past two decades.” O’Donnell Griffin Rail’s expansion in the North West and nationally, is timely given the expected investment and long-term development of the infrastructure sector in Australia and overseas. O’Donnell Griffin Rail provides project management and project delivery services to the rail sector. This contract award follows other significant rail contract wins, including the Novo Rail Railcorp Program Alliance (NSW) and the ONTRACK electrification upgrade project in Wellington (NZ). - ENDS -
NFK Price at posting:
53.8¢ Sentiment: LT Buy Disclosure: Held