DOW 0.88% $5.76 downer edi limited

Feb 28 (Reuters) - Downer Edi Ltd (DOW) Millennium maintenance...

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    Feb 28 (Reuters) - Downer Edi Ltd (DOW)

    • Millennium maintenance contract extended for 10 years
    • Sydney trains had exercised its option to extend Downer's maintenance of Millennium passenger trains for a further 10 years.
    • 10 year contract extension begins in June 2017 and is valued at approximately $225 million.
    • in addition to another 10 years of Millennium maintenance, Downer will maintain Waratah trains for another 26 years
    • In near future, will maintain new Sydney growth trains for 25 years and Victoria's high capacity metro trains for 30 years
 
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