STRONG START FOR SEYMOUR WHYTE

STRONG START FOR SEYMOUR WHYTE

SEYMOUR Whyte Limited (ASX:SWL) has lifted its forward order book to more than $450 million, after securing a lucrative contract.

Queensland Government awarded the infrastructure company $43 million to deliver the Warrego Highway Upgrade project.

The project is the first stage of the $500 million Nation Building program and is located between Nugent Pinch Road and Charlton in the Darling Downs.

Managing director David McAdam (pictured) says the contract forms part of Seymour Whyte's growth strategy to maintain a full order book.

"The increased forward order book, together with a number of active tenders, puts the group in a strong position for the remainder FY15 and beyond," McAdam says.

The project follows the successful completion of numerous flood reconstruction projects for the Queensland Department of Transport and Main Roads in 2014.

"Seymour Whyte achieved great success in delivering complex flood reconstruction projects across the region, reinforcing our expertise in challenging transport infrastructure," McAdam says.

"Expertise gained from flood reconstruction projects will be transferred onto current and upcoming federally funded Nation Building project packages, supporting innovation in construction and engineering, and ultimately value for money for our clients."

The company's order book includes a slew of recently awarded projects, including Townsville Ring Road, Maitland Railway Roundabout Upgrade and Jindalee Watermain Replacement.

Construction on the Warrego Highway is expected to start early this year.

Enjoyed this article?

Don't miss out on the knowledge and insights to be gained from our daily news and features.

Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.

Support independent journalism and stay informed with stories that matter to you.

Subscribe now and get 50% off your first year!

Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

Valuations hit $5.8 billion for Australian crowdfunded startups

Valuations hit $5.8 billion for Australian crowdfunded startups

The latest crowd-sourced funding (CSF) report released by market le...

Cash Converters emboldened by circular economy as revenue rises 26pc

Cash Converters emboldened by circular economy as revenue rises 26pc

Cost-of-living pressures and circular economy trends appear to have...

One small update brought down millions of IT systems around the world. It’s a timely warning

One small update brought down millions of IT systems around the world. It’s a timely warning

This weekend’s global IT outage caused by a software update g...

Netflix NT drama series Territory to debut in October

Netflix NT drama series Territory to debut in October

Netflix is set to launch its next blockbuster Australian drama seri...