Join our daily newsletter At The Bell to receive exclusive market insights
Veris Ltd (ASX:VRS) has snaffled a contract worth $5.15 million for engineering, monitoring, and cadastral works on the Western Sydney Airport SSTOM project, which is set for completion in the 2025 calendar year.
This builds on previous work done since November 2023 in collaboration with the Parklife Metro Consortium – which will be delivering the SSTOM package – to provide engineering surveying services for up to three new metro train stations.
For Veris, these new Sydney works will focus on the Linewide package, and are expected to be completed by the end of 2025.
There is also a subsequent pipeline of activity which will continue until April 2027.
Parklife, whose consortium includes Plenary, WeBuild, Siemens, and RATP Dev, has a long-term contract to operate and maintain Sydney Metro for the next 15 years, and Veris intends to be part of this as it strengthens its relationship with the consortium.
“We are delighted to extend our partnership with the Parklife Metro Consortium on the Western Sydney Airport project,” managing director and CEO Michael Shirley said after sharing the news.
“These new contracts across our multi-disciplinary service offering underscore the quality of work delivered by our team and highlight our ability to leverage strong relationships with key clients into additional opportunities.
“This is a testament to Veris’ strategic focus on high-value, multi-disciplinary projects that align with our expertise and strengthen our position as a trusted partner in delivering Australia’s most important infrastructure projects.”
Veris has been trading at 5.7 cents.
Join the discussion: See what HotCopper users are saying about Veris Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
