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UGL Secures $260m in New Rail and Mining Services Contracts - CIMIC Group’s services company, UGL, has been awarded new rail and mining services contracts across Australia, generating combined revenues of approximately $260 million - UGL.com / CIMIC.com.au
UGL Secures $260m in New Rail and Mining Services Contracts

 

NewswireTODAY - /newswire/ - Sydney, Australia, 2019/08/09 - CIMIC Group’s services company, UGL, has been awarded new rail and mining services contracts across Australia, generating combined revenues of approximately $260 million - UGL.com / CIMIC.com.au. ASX: CIM

   
 
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CIMIC Group Chief Executive Officer Michael Wright said: “CIMIC Group is Australia’s premier rail and mining services provider. Our end-to-end capability offered through our Operating Companies enables us to provide seamless, whole-of-life solutions for our infrastructure and resources clients.

“UGL’s expertise and proven performance continues to result in new projects and contract extensions, reflecting our clients’ ongoing trust in our experience and solutions.”

In the rail sector, UGL has secured additional work in operations and maintenance, and manufacturing services.

As a member of the RailConnect NSW joint venture, UGL (ugl.com) has been awarded a contract extension by Transport for NSW to increase the size of the New Intercity Fleet. The joint venture will now build and maintain additional passenger cars, increasing the total New Intercity Fleet to more than 550 carriages, with maintenance services to be provided for 15 years from the first train delivery.

Additionally, UGL’s expertise as a leading manufacturer of locomotives and rolling stock has resulted in a contract to build four new diesel locomotives for Pacific National.

In the mining services sector, UGL has been awarded contracts, of up to three years, to deliver multi-disciplinary services including mechanical and piping, electrical and instrumentation, painting and insulation services.

#UGL Managing Director Jason Spears said: “We are extremely pleased to be recognised as a trusted and established partner to our clients in the rail and mining services sectors. These contracts reflect our strong ongoing relationships, and our reputation for the delivery of outcomes focused on safety, quality, technical innovation and expertise, and reliability.”

Issued by CIMIC Group Limited ABN 57 004 482 982

About CIMIC Group Limited

CIMIC Group Limited (cimic.com.au) is a world-leading infrastructure, mining, services and public private partnerships group. We have businesses in construction (CPB Contractors and Leighton Asia), mining and mineral processing (Thiess and Sedgman), operation and maintenance services (UGL), public private partnerships (Pacific Partnerships) and engineering (EIC Activities). Our mission is to generate sustainable shareholder returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and more than 50,000 people in 20 countries, we strive to be known for our principles of Integrity, Accountability, Innovation and Delivery, underpinned by Safety. CIMIC is a member of the S&P/ASX 100 index, the Dow Jones Sustainability Australia Index and FTSE4Good.

Contact: Mr Justin Grogan, Investor Relations; T+61(2) 9925 6628.

 
 
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Agency / Source: HOCHTIEF AG

 
 

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UGL Secures $260m in New Rail and Mining Services Contracts

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CIMIC Group | UGL
Contact: Fiona Tyndall - CIMIC.com.au 
+61(2) 9925 6188
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any HOCHTIEF AG securities in any jurisdiction including any other companies listed or named in this release.

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