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- Network Service company, Service Stream (ASX:SSM) has won a ten-year agreement with Sydney Water Corporation
- Service Stream consortium known as D4C will provide Sydney Water with a TOTEX asset management service
- This will cover the design, construction, maintenance and facility management of all treatment and network assets in the Southern region
- Service Stream is up 11.07 per cent on the market this afternoon and is trading at $2.71 apiece
Network Service company, Service Stream (ASX:SSM) has won a ten-year agreement with Sydney Water Corporation.
Service Stream consortium known as D4C has been chosen by Sydney Water to be the Regional Delivery Contractor for one of its three network regions. This comes under its new Partnering for Success (P4S) contracting program.
D4C will provide Sydney Water with a TOTEX asset management service covering the design, construction, maintenance and facility management of all treatment and network assets in the Southern region.
From January 2020, a six-month mobilisation period will commence. This will be followed by two five-year service delivery terms with a performance review at the end of the first five years.
Serve Stream Managing Director Leigh Mackender is pleased the company was awarded the contract.
“The Board and I are delighted that the capability and performance of our recently acquired Comdain Infrastructure business have been recognised by Sydney Water with this significant contract award,” he said.
“We look forward to working with Sydney Water, in concert with our D4C colleagues, in building what we expect will be a mutually rewarding relationship for many years to come,” he added.
Service Stream is up 11.07 per cent on the market this afternoon and is trading at $2.71 apiece at 3:25 pm AEDT.
