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Downer EDI: Wins $420M in SA road maintenance contracts

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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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