Macmahon secures $120m water contracts

11/05/2009 - 13:00

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Macmahon Holdings has secured contracts for three major government water infrastructure projects on the east coast valued at $120 million.

Macmahon Holdings has secured contracts for three major government water infrastructure projects on the east coast valued at $120 million.

 

The announcement is below:

 

Macmahon Holdings Limited (ASX:MAH) announced today that it had been awarded three major government water infrastructure projects on the east coast of Australia.

These projects, designed to improve regional water supplies are:

- Wyaralong Dam. This Alliance contract, for QLD Water Infrastructure, is part of the state's strategy to ensure a sustainable water supply for South East Queensland. Macmahon will work as part of the Queensland Dam Consortium team to deliver the new dam and associated works. Located 50km south west of Brisbane, the project will employ over 200 hundred people at its peak. Macmahon have already completed significant water infrastructure projects in Queensland, as part of the WISA Alliance Logan River Catchment works. This involved the delivery of the Cedar Grove Weir and the Bromelton Off-Stream Storage facility. The Company is also currently constructing the Wyaralong Dam Access Road. These projects will all contribute to improving South East Queensland's water storage network.

- The Nepean Weir upgrade. This project, for the Sydney Catchment Authority, will involve the construction of new fish passages and the creation of environmental infrastructure. Macmahon will upgrade 10 weirs in the Hawkesbury-Nepean system, with these modifications designed to improve the health of the river.

- The Blowering Dam upgrade. For the New South Wales State Water Corporation, it will see Macmahon undertake modification works, as part of the State Water Dam Safety Upgrade Program. Once complete, the upgraded dam will be able to handle extreme flood conditions, ensuring its future safety.

Macmahon Chief Executive Officer, Nick Bowen, said the project wins demonstrate the Group's ongoing success in the east coast construction market.

"Our Construction Business is benefiting from the increased government spend on infrastructure projects, with these contract awards adding to our portfolio of government work.

"These wins reinforce Macmahon's position as a leading contractor in delivering water storage infrastructure projects across Australia.

"The total estimated value of these three contracts for Macmahon is approximately $120 million, providing a solid platform for our Construction Business leading into the 2010 financial year," Mr Bowen said.

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