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Duratec (ASX:DUR) awarded $50m airport works contract

ASX News, Industrial
ASX:DUR      MCAP $254.1M
12 November 2021 14:46 (AEST)
Duratec (ASX:DUR) - Non Executive Chairman, Martin Brydon

Source: Duratec

Duratec (DUR) has been awarded a $50 million aircraft fuel hydrant main construction contract.

This contract marks the first stage and an important part of the airport fuel infrastructure at the Western Sydney Airport development.

The airport is a transformational project that will generate economic activity, provide employment opportunities and meet Sydney’s growing aviation demand.

Operations are on track to begin in 2026 with the airport to operate curfew free and international, domestic and freight services.

Work will provide initial fuel reticulation infrastructure with the provision of fuel infrastructure between the aviation fuel farm boundary and the phase one terminal.

Procurement will begin immediately with work set to begin in 2022.

Managing Director Phil Harcourt said this opportunity is significant for the company as it has strategically focused on fuel infrastructure upgrade opportunities.

“The Western Sydney International project award represents a careful expansion into fuel transformation project and energy infrastructure, leveraging the considerable experience Duratec has gained in the defence sector with regards to energy and fuel projects,” Mr Harcourt said.

“This project aligns with the strategic objectives of sustainably growing and developing the business through specialised service offerings to a range of sectors.”

Shares in Duratec were down 1.35 per cent on the market and were trading at 36.5 cents at 2:46 pm AEDT.

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