Transfield Services (TSE) has secured work in the initial phase of the National Broadband Network rollout programme to construct one of the first release sites, marking the beginning of the construction of Australia’s high speed fibre optic network. This follows input into the design process carried out by Transfield Services earlier this year. The Company will construct the fibre network in the coastal communities of Minnamurra and Kiama Downs south of Wollongong, which will bring high speed broadband connections to 2,600 households.
Transfield Services’ Managing Director and CEO, Peter Goode said, “This is an exciting opportunity to be part of what is set to be one of Australia’s most significant infrastructure projects ever undertaken. Our extensive experience in the end-to-end delivery of services to substantial infrastructure assets and specific expertise in the design, construction and maintenance of telecommunications network assets continues to position us well to benefit from ongoing investment in infrastructure.”
The work will commence during the second half of the current calendar year. The Company has existing long-term contracts with incumbent telecommunication providers including a 10 year NZ$1 billion contract with Chorus New Zealand. The successful securing of this contract sustains Transfield Services’ disciplined approach to building a strong order book of long-term contracts, delivering consistency of earnings, generating solid and reliable returns. Transfield Services provides more than 80 per cent of its services under secure, long-term asset management contracts and its overall client retention rate exceeds 95 per cent. The Company has a robust pipeline of work developing in power, defence, transport and social infrastructure, providing continuing diversification for the business.
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, Canada, the United Arab Emirates, Qatar, India, Malaysia, Chile and New Caledonia.
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Tags: Fibre optic, National Broadband Network, New contract, Telcommunications, Transfield Services, TSE
