STRONG START FOR SEYMOUR WHYTE
Written on the 6 January 2015
SEYMOUR Whyte Limited (ASX:SWL) has lifted its forward order book to more than $450 million, after securing a lucrative contract.
Queensland Government awarded the infrastructure company $43 million to deliver the Warrego Highway Upgrade project.
The project is the first stage of the $500 million Nation Building program and is located between Nugent Pinch Road and Charlton in the Darling Downs.
Managing director David McAdam (pictured) says the contract forms part of Seymour Whyte's growth strategy to maintain a full order book.
"The increased forward order book, together with a number of active tenders, puts the group in a strong position for the remainder FY15 and beyond," McAdam says.
The project follows the successful completion of numerous flood reconstruction projects for the Queensland Department of Transport and Main Roads in 2014.
"Seymour Whyte achieved great success in delivering complex flood reconstruction projects across the region, reinforcing our expertise in challenging transport infrastructure," McAdam says.
"Expertise gained from flood reconstruction projects will be transferred onto current and upcoming federally funded Nation Building project packages, supporting innovation in construction and engineering, and ultimately value for money for our clients."
The company's order book includes a slew of recently awarded projects, including Townsville Ring Road, Maitland Railway Roundabout Upgrade and Jindalee Watermain Replacement.
Construction on the Warrego Highway is expected to start early this year.