WGN Secures Contract on Sydney Metro– Western Sydney Airport Project

Wagners Holding Company Limited (ASX: WGN) announced that it had secured a contract to supply more than 67,000 precast concrete tunnel segments for the Sydney Metro – Western Sydney Airport  Project. The tunneling work is expected to start in early 2023.

Wagners scope of works will need the manufacture of more than 67,000 precast concrete tunnel segments for the twin tunnels. All the segments would be manufactured locally at Wagners’ precast manufacturing facility in Wacol, Brisbane. The manufacturing will start in late 2022, with the final segments to be completed in early 2024 at its precast manufacturing facility in Wacol, Brisbane.

Depending on the timing, the project is expected to contribute to the company’s revenue to ~AU$140 million over a projected 20-month period, starting from late 2022.

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