News: DOW Downer Edi Says Awarded Defence Redevelopment Contract In South Australia

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    Sept 14 (Reuters) - Downer EDI (DOW) :

    • 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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