SEYMOUR WHYTE SECURES NARELLAN ROAD CONTRACT
Written on the 16 October 2015
SEYMOUR Whyte Limited (ASX: SWL) has been awarded the $59 million Narellan Road Upgrade Stage B contract by Roads and Maritime Services.
The contract will help Seymour Whyte establish itself as a stable presence in NSW and delivers on the group's NSW growth strategy, says Acting CEO David Wilson.
"We have won repeat business and experienced significant growth in the NSW market by consistently delivering projects successfully, safely and on time," says Wilson.
"The NSW pipeline remains robust and the project award strengthens the group for future opportunities, adding scale to our network through geography and the exceptional quality of our people."
The Narellan Road Upgrade includes approximately six kilometres of road and bridge construction, widenings, earthworks, pavements, drainage, and associated road infrastructure.
The contract is in addition to a number of RMS projects currently underway on the Great Western Highway, Central Coast Highway, and in Maitland.
This boom of infrastructural projects in NSW has Wilson optimistic for the future of Seymour Whyte in the region.
"We are encouraged by a number of active tenders within the NSW markets and in other states, and continue to pursue opportunities for the combined transport infrastructure and utilities businesses," says Wilson.
Wilson says the company is also making positive in-roads into the Victorian market.
"Diversification into Victoria is progressing well with a new transport infrastructure office opened in Melbourne, and a number of major regional road upgrades in tender," says Wilson.
Construction on the Narellan Road project will commence this year, with the contract expected to be completed by mid-2017.