Transfield Services (TSE) today announced a C$150 million, 12-year asset management contract with the Ontario Ministry of Transportation. The contract is Transfield Services’ first transport services contract in Canada and will begin in April 2010. Transfield Services will provide road, bridge and systems maintenance, sustaining capital works, snow and ice management and emergency response services to 2,500 kilometres of the road network in Ontario’s North Bay area. North Bay is situated 321 kilometres north of Toronto.
Transfield Services’ CEO North America, Mr. Joseph Sadatmehr, said today: “There are many emerging opportunities in the Canadian transport market for our expert asset management capabilities with increasing government investment in transport networks.”
Transfield Services’ joint venture, FT Services, provides asset management and shutdown services to clients in the Canadian hydrocarbons market, including Suncor Energy and Shell Canada.
Transfield Services delivers essential services to key industries in the resources and industrial, property and infrastructure sectors. A leading global provider of operations, maintenance, and asset and project management services, Transfield Services has more than 28,000 employees in Australia, New Zealand, the United States, the United Arab Emirates, Qatar, New Caledonia, South East Asia, India, Chile and Canada.
Tags: Asset Management, New contract, Transfield Services, TSE
