Nomad wins $28m housing contract

Nomad Building Solutions subsidiary McGrath Homes has won a $28.8 million contract to design, manufacture and install 60 modular homes for Rio Tinto.

The project is part of Rio Tinto’s Cape lambert port and rail expansion efforts.

Nomad said manufacturing of the homes would begin immediately, with first houses to be delivered to Wickham in April 2013.

“The award of this contract is a significant achievement for the company and demonstrates McGrath’s strength and ability to deliver exceptional quality modular products for major projects in remote and regional areas.” Nomad managing director Peter Hogan said.

“We are delighted to have Rio Tinto as our client and will be working closely with them to support the timely development of the Wickham project.”

At close of trade, Nomad shares had gained 14 per cent, trading at 10 cents.