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News: Seymour Whyte wins Sydney utilities contract

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    An alliance including Seymour Whyte Limited (ASX:SWL) has won an $87 million contract for Sydney’s Green Square Trunk Stormwater Project, which is slated for completion late 2016.  

    The engineering and construction group says it will take a 30 per cent share of total project value within the alliance which includes five other groups. 

    The Green Square project will soon start construction of a 2.4 kilometre stormwater drain to address flooding issues and enable future development. 

    Last month Seymour Whyte said it is in a strong position for the rest of the financial year and beyond with its forward order book having risen to $450 million at the beginning of January.   

    Seymour Whyte reported a net profit of $10.68 million in the 2014 financial year. 
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