ASX Company News: Downer Secures $50 million Rio Contract

June 30th, 2011

Downer EDI Limited (DOW) announced it had secured a contract for work at Rio Tinto Iron Ore’s (RIO) Warramboo infrastructure project in Western Australia valued at more than $50 million. The work involves earthworks, concrete works, road surfacing and bridge construction, electrical and communication works, as well as a diversion of the North West Highway near Warramboo, which is located 165 kilometres south of Karratha.

The Chief Executive Officer of Downer, Grant Fenn, said this was a significant contract win for Downer, being the first with Rio Tinto’s Expansion Projects Group. “This project demonstrates Downer’s ability to provide customers with comprehensive design and construct services for civil mine infrastructure including roads, bridges, buildings and utilities,” Mr Fenn said. The project is scheduled for completion in April 2012.

Downer EDI Limited provides comprehensive engineering and infrastructure management services to the public and private Minerals & Metals, Oil & Gas, Power, Transport Infrastructure, Communications, Water and Property sectors across Australia, New Zealand, the Asia Pacific region and the United Kingdom.

www.downergroup.com

http://www.traderdealer.com.au/fundamentals/dow

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