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.


Announcement PDF


Markets News

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral