MACA has won a contract to provide its services to Main Roads WA in the Kimberley region, with the work valued at up to $18.4 million.
Perth-based Maca will provide resources, plant, materials, traffic management services and minor works for an initial period of two years, with two additional one-year options to extend.
The contract will provide Maca with a baseline revenue of $8.4 million, plus a $10 million provisional sum for other packages of work over the initial period.
“This award is part of Maca’s growth strategy in its civil offering by providing a road asset management and maintenance service capability to the business in Western Australia,” operations director Geoff Baker said.
“We look forward to growing our relationship with Main Roads in this area of business.”
Maca also announced that it had recently acquired the 25 per cent stake it didn’t already own in Services South East, a east coast-focused company that provides road asset management and maintenance services for VicRoads and the Victorian state government, for an undisclosed sum.
The business has been rebranded as ‘Maca Infrastructure’, and has also recently won a number of civil works contracts, including a $2.8 million contract for road safety improvements for VicRoads.
Maca shares were 2.5 per cent lower to $1.74 each at 10:20am.