dow ann. note - not djia thread

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4 February 2010

DOWNER ANNOUNCES $750 MILLION WORTH OF NEW CONTRACTS
Downer EDI Limited (Downer) today announced it has secured more than $750 million worth of new contracts.
Downer Managing Director and CEO, Geoff Knox, said the new contracts which include significant wins in the rail, resources, energy and infrastructure sectors, demonstrate the markets continuing confidence in the Group.
These wins reinforce Downers position as a leading provider of rail manufacturing; mechanical, electrical and instrumentation contracting; road maintenance and construction; transmission lines; and consulting services across the Asia Pacific region, Mr Knox said.
We have secured more than $400 million worth of contracts to deliver both standard and narrow gauge locomotives for coal haulage in New South Wales and Queensland as well as locomotives for iron ore haulage in the Pilbara, Mr Knox said.
Our Works division has secured more than $160 million worth of contracts for clients in Australia, New Zealand and the Pacific Islands and our Consulting division has secured new contracts with clients including VicRoads and AbiGroup.
The Engineering division has secured approximately $120 million worth of new contracts for major clients including TransGrid and we are buoyed by the significant increase in tendering opportunities emanating from the energy and power sectors during the past few months, Mr Knox said.

The Mining division has signed a $77 million, three-year contract to provide blasting services to Felix Resources at its Minerva and Yarrabee Mines in Queensland, and Moolarben and Ashton Mines in New South Wales.
The Group continues to maintain a work-in-hand balance in excess of $16 billion.

Ends