Fleetwood signs a 5-year deal with Rio Tinto for accommodation services at Searipple Village

Fleetwood Limited (ASX: FWD) has entered into a five-year deal with Rio Tinto (ASX: RIO) to offer accommodation services at Searipple Village in Karratha. The Company highlighted that the agreement would generate revenue in the range of AU$52 million and AU$70 million with additional options over and above this.

As per the deal, Searipple Village is chosen as RIO’s ideal 3rd party accommodation provider for all fly-in-fly-out RIO personnel wanting accommodation in Karratha, Dampier or Wickham where accommodation requirements cannot be fulfilled by Rio Tinto’s own accommodation.

Also, RIO has secured the supply of 250 rooms per night exclusively for its operations. Under this deal RIO can secure additional rooms in case of requirement on a non-exclusive basis.

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