Downer awarded 10-year City of Gold Coast contract

GENERAL

Thu, Aug 25 2022 11:10 am

Downer EDI Limited (Downer) today announced it had been awarded a 10-year contract to deliver asset lifecycle delivery services to the City of Gold Coast’s water and sewerage networks.

The contract will commence in August 2022, and generate revenue to Downer of approximately $250 million.

Scope of works includes planned and reactive repairs and maintenance, refurbishment and renewals programs, and capital works related to the City of Gold Coast’s water and sewerage network assets and facilities.

The contract will deliver water supply and sewerage services to Australia’s second largest Local Government Area, and will be delivered by Gold Coast Infrastructure Solutions, a 50:50 joint venture between Downer and Ventia.

The Chief Executive Officer of Downer, Grant Fenn, said the contract strengthens Downer’s position as the market leader in delivering complete water lifecycle solutions.

For further information please contact:
Media: Mitchell Dale, Group Manager Corporate Affairs +61 448 362 198
Investors: Adam Halmarick, Group Head of Investor Relations +61 413 437 487

“We are pleased to be selected for this long-term partnership. We look forward to working closely with our customer, the City of Gold Coast Council, and our joint venture partner to deliver these vital services to the growing region of the Gold Coast,” Mr Fenn said.

Authorised for release by Downer’s Chief Executive Officer.