Monadelphous wins $76m Qld contract

Engineering firm Monadelphous Group has secured a $76 million contract from Ports Corporation of Queensland for expansion works at the Abbot Point coal terminal.

The Perth engineering company said it had received a notice of award from the port authority for the $818 million Abbot Point X50 project, which will expand overall throughput from 25 to 50 million tonnes per annum.

Below is the announcement:

Monadelphous Group Limited (ASX: MND) today announced it has received a notice of award from Ports Corporation of Queensland for the Abbot Point Coal Terminal (APCT) X50 Expansion Project for both the Stockyard and High Voltage (HV) infrastructure packages with a combined value of $76 million.

The $818 million Abbot Point X50 project will expand the overall throughput at APCT from 25 to 50 million tonnes per annum. The scope of work awarded to Monadelphous covers HV electrical work at the coal terminal and structural, mechanical and electrical work within the stockyards. The HV package includes upgrading parts of the existing coal handling plant, the installation of new plant and an overall upgrade to the power system. At the stockyards, Monadelphous will procure, construct and commission, new bund conveyors as well as extensions to the existing inloading and outloading conveyors.

Monadelphous Group Managing Director Rob Velletri said, "The proposed work is the largest coal terminal contract package the company has won to date. We are very pleased to have Ports Corporation of Queensland as a new customer and look forward to building a long term relationship."

"We are continuing to increase our portfolio of large scale multi-disciplinary construction projects. APCT closely follows recent wins in Western Australia and similar projects at the Dalrymple Bay, RG Tanna and Hay Point coal terminals in Queensland."

Project works will commence immediately with substantial completion scheduled for the fourth quarter of calendar 2009.