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