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- EVZ Limited’s (EVZ) engineering subsidiary has been awarded a $20 million contract for work to expand Hastings Fuel Terminal in Victoria
- Brockman Engineering will undertake the project engineering and construction for United Terminals
- The expansion will see an additional two truck loading bays built and storage capacity increased to 50 million litres
- Revenue from the contract will fall in the second half of 2020 and the full 2021 financial year
- Shares in EVZ are steady on the market today, worth 13 cents apiece
EVZ Limited’s (EVZ) engineering subsidiary has been awarded a $20 million contract for work expanding Hastings Fuel Terminal in Victoria.
Brockman Engineering, one of EVZ’s subsidiaries, will undertake project engineering and construction of the expansion for United Terminals.
United Petroleum’s subsidiary United Terminals operates the fuel terminal and is undertaking a major expansion of the terminal.
The works will see an additional two truck loading bays built and storage capacity increased to 50 million litres.
Already more pumps have been installed along with a new power supply and associated cabling and switch room.
Revenue from the contract will fall in the second half of 2020 financial year and in the full 2021 financial year.
Shares in EVZ are steady on the market, worth 13 cents apiece.
