The MAC Services Group Limited (MSL) has secured contracts for an additional 1,050 rooms to be installed at The MAC’s Bowen Basin accommodation villages at Moranbah, Dysart, Middlemount and Nebo. The village expansion program will run through FY11, with the majority of the new rooms being installed in the second half of the financial year.
The MAC’s Chief Executive Officer, Mark Maloney, said: “We announced these potential village expansion plans at the half year and can now confirm that all the additional rooms have been contracted. Based on those contracts, we are proceeding with the manufacture and install program. We expect to have this program largely completed by the end of the current financial year.”
“The additional rooms reflect increased demand for our Bowen Basin villages and will give us an additional 1,050 contracted rooms to service the increasing demand in this region. That delivers on our previously stated growth plans for the current financial year. The installation of 400 of the additional rooms remains subject to local development approval, and we are working through that process”, he said.
In addition to this village expansion program, The MAC has also renewed 3 major accommodation contracts at its villages at Moranbah, Dysart and Nebo. The renewed contracts cover a total of 2,050 existing rooms at these villages. “We are pleased our key customers continue to renew their accommodation contracts in our Bowen Basin villages. That is a real endorsement of our unique accommodation and services package”, said Mr Maloney. He added, “These renewals for 2,050 existing rooms, plus the additional 1,050 new rooms that have been contracted, improve our already strong contracted forward revenue profile”