Wagners Secures contract on Sydney Metro – Western Sydney Airport project
- Wagners (WGN) secures a material contract for the major Sydney Metro – Western Sydney Airport
- Under the terms of the contract, Wag ners will manufacture and supply over 67,000 precast concrete tunnel segments for the twin tunnels
- All segments will be produced locally at Wag ners precast manufacturing facility in Wacol, Brisbane and will commence manufacturing in late 2022
- Subject to timing, the contract’s contribution to the company’s revenue is expected to be in the vicinity of $140 million over an estimated 20 month period from late 2022
- WGN shares are up 11.8 per cent, trading at $1.33 at market close
