July 7 (Reuters) - Downer EDI (DOW) has been awarded contracts worth A$420 million ($293 million) to maintain roads in South Australia's Metropolitan Zone and Regional North Zone, the engineering contractor said on Tuesday.
The contracts, which will begin on Nov. 2 this year and are for a maximum term of 13 years, will be an extension of services Downer already provides to the South Australian Government Department of Planning, Transport and Infrastructure.
Under the contract, Australia's Downer will provide services like maintenance of intelligence transport systems, management of third party works and minor capital works.
After a $295.70 million contract from Fortescue Metals Group (FMG) in May, this is the second major contract secured by the company after it withdrew its 2020 earnings guidance in March amid uncertainty surrounding the COVID-19 pandemic. ($1 = 1.4333 Australian dollars)
News: DOW Downer EDI secures $293 mln road maintenance contracts from South Australia's govt
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