Downer EDI: Wins $420M in SA road maintenance contracts
- Downer EDI (DOW) has won contracts from the South Australian Government Department of Planning, Transport and Infrastructure for road maintenance
- The contracts are valued at $420 million and are valid for up to 13 years
- The contract also outlines provisions for additional capital works
- The commitments will begin on November 2, with an initial seven-year term and two extension options
- Since 2003, Downer has maintained South Australian roads
- On market close, Downer remains steady and is trading for $4.44 each
