Sydney - Wednesday - August 26: (RWE Aust Business News) - The NSW Government has released an additional $100 million to Transfield Services' (ASX:TSE) Housing NSW contract to upgrade and maintain public housing. This is in addition to the $30 million announced in May, building on the five-year $385 million maintenance contract. Transfield Services is also working closely with Housing NSW to develop a portfolio of additional stimulus project work to the value of approximately $40 million to be delivered this financial year. Transfield Services expects to continue to benefit from the stimulus packages allocated in Australia to maintain and upgrade rail, housing and schools.
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