DOW 0.46% $6.49 downer edi limited

for followers of downer

  1. 635 Posts.
    An other good maintenance contract providing steady long term income stream for Downer.
    ------------------------------------------------------
    Company Announcement

    To Supply/Maintain Rollingstock for Alice-Darwin Rail Link

    DOWNER EDI LIMITED 2003-01-14 ASX-SIGNAL-G
    HOMEX - Sydney
    +++++++++++++++++++++++++
    Downer EDI Limited (Downer EDI) today announced that its Rail
    division, EDI Rail, has signed a contract with Asia Pacific Transport
    (APT) to provide a package of rollingstock solutions including the
    supply of locomotives and wagons and the provision of maintenance
    services. The value of the contract is approximately $60 million.

    Under the terms of the agreement, EDI Rail will supply four diesel
    electric 4 FQ class locomotives and 150 articulated container wagons,
    and provide maintenance services over a ten-year period.

    The rollingstock will be used by APT to carry containerised freight
    on the soon to be completed Darwin to Alice Springs rail line and
    then on to the national standard gauge rail network.

    General Manager of EDI Rail, Mr Danny Broad, said the rollingstock
    would be built and assembled at EDI Rail's facility at Port Augusta
    in South Australia, with delivery planned for December 2003.

    "The maintenance services will be provided by EDI Rail's existing
    facilities at Dry Creek and Pt Augusta. A new maintenance facility
    will be built by APT and operated by EDI Rail at the Berimah Road
    Terminal in Darwin," Mr Broad said.

    EDI Rail is Australia's leading rollingstock provider with
    comprehensive manufacture and maintenance capability. Downer EDI is
    an Australian top-150 company, which provides comprehensive
    engineering and infrastructure management services to the public and
    private rail, road, power, telecommunications, mining and resources
    sectors in Australia, New Zealand and Asia. www.downeredi.com

    Contact: John Shuey, GROUP CORPORATE AFFAIRS MANAGER (02) 9251 9899
    or 0413 705 491
 
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