That $6bn TenderBook..., page-65

Apart from liking being able to read this story and liking this quote:
“Like the arrival of Amazon in Australia's retail sector, the approval of Koodaideri has been breathlessly anticipated for what feels like an eternity.”
I like our chances here, no matter how the economy perceives it ...
But I guess, economy-wise, with this sector, the trick is to do what you can when the going is good and stash away power to sustain you in the dry season

Meanwhile whilst we may have good opportunity, the reality is other railway makers will be urgently seeking this contract too but I don’t know how many tier ones there are out there.

I thought Downer did rail but various headlines from April this year said they divested themselves of that division ?

But , as an aside, I did find an interesting comment from Downer Chairman, Grant Fenn from late last year about the sector and contractors being used as “surge volumes”.
(What is that?!!)

“Craig Wong-Pan: (Deutsche Bank, Analyst) Could you talk to the mining business? Why that's I guess not performing as strongly as some of the other parts.
Grant Fenn: Yes. Look we've highlighted this the last couple of reporting cycles. The mining business is very competitive at the moment. It's quite a tough market. We've talked about green shoots and they certainly are in terms of volumes, et cetera, but we've also talked about sort of the change in the style of contracting which has gone from long term contracts, five years, to almost a position where contractors are now used as surge volumes.”
(Page 7 https://www.downergroup.com/Content/cms/pdf/Market_update_transcript.pdf)