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Ann: GENERAL: WKS: Pacific National Locomotive Maintenance Agreement

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    • Release Date: 04/02/15 11:10
    • Summary: GENERAL: WKS: Pacific National Locomotive Maintenance Agreement
    • Price Sensitive: No
    • Download Document  1.76KB
    04/02/2015 11:10
    REL: 1110 HRS Works Finance (NZ) Limited
    GENERAL: WKS: Pacific National Locomotive Maintenance Agreement
    Media/ASX and NZX Release
     4 February 2015
    Downer EDI Limited (Downer) announced today it had signed a Locomotive
    Maintenance Agreement (Agreement) with Pacific National Pty Ltd (Pacific
    National) valued at approximately
    $1 billion. The term of the agreement is ten years.
    The Chief Executive Officer of Downer, Grant Fenn, said the Agreement was an
    important development in Downer Rail's transformation to providing total rail
    asset solutions to its customers.
    "Under the Agreement, Downer will provide a full suite of asset management
    services for over 300 Pacific National locomotives," Mr Fenn said.
    "This includes a range of scheduled and unscheduled maintenance services and
    a 24 hour Fleet Control Centre.
    "The new features of the Agreement include remote monitoring of the assets
    and inspections while in service to ensure more locomotives are available for
    service, the locomotives are out on the tracks for longer hours and that they
    run at higher levels of reliability."
    For further information please contact:
    Michael Sharp, Group Head of Corporate Affairs and Investor Relations  +61
    439 470145
    Luke Thrum, Manager Investor Relations    +61 459 828720
    Downer EDI Limited (Downer) provides services to customers in market sectors
    including Mining, Rail, Transport, Utilities, Telecommunications and
    Engineering, Construction & Maintenance. Downer employs approximately 20,000
    people primarily in Australia and New Zealand but also in the Asia-Pacific
    region, South America and Southern Africa.
    End CA:00260306 For:WKS    Type:GENERAL    Time:2015-02-04 11:10:52
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