In a joint venture, Downer has been awarded a ten-year contract to deliver asset lifecycle delivery services to the City of Gold Coast’s water and sewerage networks.
The contract will commence in August 2022, and generate revenue of approximately $250 million.
Scope of works includes planned and reactive repairs and maintenance, refurbishment and renewals programs, and capital works related to the City of Gold Coast’s water and sewerage network assets and facilities.
The contract will deliver water supply and sewerage services to Australia’s second largest Local Government Area, and will be delivered by Gold Coast Infrastructure Solutions, a 50:50 joint venture between Downer and Ventia.
The Chief Executive Officer of Downer, Grant Fenn, said the contract strengthens Downer’s position as the market leader in delivering complete water lifecycle solutions.
“We are pleased to be selected for this long-term partnership. We look forward to working closely with our customer, the City of Gold Coast Council, and our joint venture partner to deliver these vital services to the growing region of the Gold Coast,” Mr Fenn said.
Ventia’s Group Chief Executive Officer, Dean Banks, said the new contract joins a stable of contracts that Ventia holds with water utilities around Australia and New Zealand.
“Ventia is looking forward to tapping into the experience and expertise across our business to manage, maintain and enhance the city’s water and sewerage networks for the benefit of the Gold Coast community,” Mr Banks said.
“The collaborative contracting model established will enable the City of Gold Coast to leverage the expertise of industry leaders to improve performance across the water network, providing for the sustainability of the growing Gold Coast community”.
This contract award is also a win for local businesses in the Gold Coast and Southeast Queensland, with Gold Coast Infrastructure Solutions committing to local spend targets that will see almost all subcontracted services procured locally.
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