Company News Summary | 12 Dec 2019

Click the print icon in your browser to print this report. Currency is in AUD unless otherwise specified

Downer EDI Announces On Been Awarded $520m Logan Water Infrastructure Program Alliance Contract

10:08:00 | Associate analysts

Original annuncemenet:Downer awarded Logan City Council contract

Downer EDI announced it had been awarded a five-year contract, valued at $520m, to plan, design and deliver water and wastewater infrastructure for Logan City Council (LCC). Commencing in January 2020, the contract has provisions for two extensions of two years each. In total, the nine-year term would be valued up to $1bn. The Company will partner with LCC in the Logan Water Infrastructure Program Alliance to deliver planning, design, delivery and program management services for water, sewerage and treatment assets in the region. The full scope of work includes infrastructure planning, community consultation and approvals, business case development, and design, construction and commissioning of water and wastewater assets.

This report appeared on 2020 Morningstar Australasia Pty Limited

© Copyright 2020 Morningstar Australasia Pty Ltd ABN: 95 090 665 544 ("Morningstar"), AFSL no 240892. (a subsidiary of Morningstar, Inc.). This information is to be used for personal, non-commercial purposes only. No reproduction is permitted without the prior written content of Morningstar. Some of the material provided is published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO").

DISCLAIMER: To the extent that any of the content above constitutes advice, it is general advice that has been prepared without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain appropriate financial, legal and taxation advice before making any financial investment decision. If applicable, investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Please refer to our Financial Services Guide (FSG) for more information at FSG or phone Morningstar on 1800 03 44 55 to request a copy. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for any use or distribution of any of this information

DISCLOSURE: Employees may have an interest in the securities discussed in this report.