Downer EDI Limited awarded 10-year city of Gold Coast Contract

Downer EDI Limited (ASX: DOW) announced that it had received a 10-year agreement to provide service related to asset lifecycle delivery to the City of Gold Coast’s water and sewerage networks. The deal will commence in August 2022 and is expected to produce a revenue of approx. AU$250 million.

The work comprises the planned & reactive repairs and maintenance, renovation and renewals programs, and capital works associated with the water and sewerage network assets and facilities. This contract will provide water supply and sewerage services to Australia’s second biggest local government area and will be provided by Gold Coast Infrastructure Solutions, which is a joint venture between Downer and Ventia.

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