Source: AucklandNZ
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  • Downer (DOW) receives two road maintenance contracts by Auckland Transport, valued at $800 million over 10 years
  • The contracts will see Downer as the stewards of Auckland Transport’s Central network and North Rural network, delivering maintenance and renewal activities and emergency repairs
  • The contracts will commence on July 1 for an initial five-year term plus a five-year extension option
  • DOW shares are up 2.82 per cent on the market, trading at $5.11 at market close

Downer (DOW) has been awarded two road maintenance contracts by Auckland Transport, valued at $800 million over 10 years.

Under the agreement, Downer will act as stewards of Auckland Transport’s Central network and North Rural network, delivering maintenance and renewal activities and emergency repairs.

The integrated service company said the contracts will expand its working relationship with Auckland Transport.

The contracts will commence on July 1 for an initial five-year term plus a five-year extension option.

“Downer has been maintaining roads in Auckland for more than 30 years, and we look forward to continue working closely with Auckland Transport to deliver reliable road networks to ensure efficient and safe journeys,” DOW CEO Grant Fenn said.

CEO of Downer New Zealand, Steve Killeen, said the contracts were an opportunity to
deliver positive social and sustainable outcomes for Downer’s customers and communities.

“Our collaborative relationship with Auckland Transport has given Downer the opportunity to continually improve and develop our services. We’re committed to making a positive impact on the communities we serve by delivering high-performing, sustainable and reliable solutions,” he said.

DOW shares were up 2.82 per cent on the market, trading at $5.11 at market close.

DOW by the numbers
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