Ann: Downer secures $300 million of Rail contract, page-2

re: Ann: Downer secures $300 million of Rail ... Good news crew. After getting hammered over what turned out to be a load of bollocks, DOW still have a way to go. This is just the tonic. Business as usual.

Here is the ann. There's nothing more to it so save some clicks.


Company Announcements Platform
Australian Securities Exchange and NZX
14 October 2010
DOWNER SECURES $300 MILLION OF RAIL CONTRACT WINS
Downer EDI Limited (Downer) today announced approximately A$300 million in rail contract wins and extensions.
Downer Managing Director and CEO, Grant Fenn, said these recent wins were particularly pleasing as the Group continues to deliver for its clients and builds its forward order book in a challenging market.
 Pacific National has placed an order for 13 new standard gauge diesel electric locomotives to support their coal haulage services in New South Wales. Downer Rail will progressively deliver the new fleet beginning in 2011 with the last delivery by mid 2012.
 The rail infrastructure business within Downer?s Works division has been contracted by Australian Rail Track Corporation (ARTC) to undertake rail upgrade work. The works are part of the Federal Government?s Nation Building Rail Investment and will be carried out over two years. The works include:
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Track duplication projects across NSW and Victoria; Re-railing of track on the north-south corridor between Albury and Geelong; Signalling separation work between Enfield and Port Botany, NSW; and Upgrade of rail lines at Geelong Port and Altona, Victoria.
 In addition, the rail infrastructure business has also been awarded an 18 month extension of the V1 Alliance with ARTC for rail track maintenance and infrastructure work in Victoria and southern New South Wales, which continues an alliance relationship spanning more than 10 years.
?The new contract for thirteen locomotives for Pacific National again highlights Downer?s leading position in design, technology and maintenance capability in the locomotive market,? Mr Fenn said.
?We also continue to grow our below rail infrastructure business by delivering value and quality to our clients.?
Our competitive, service oriented approach and our commitment to safety continue to be recognised and are a key point of differentiation for our clients,? Mr Fenn said.
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