- Fleetwood (FWD) has won a $30 million camp expansion and upgrade contract for the Ti Tree Rail Camp in WA
- The contract was awarded by mining giant, Rio Tinto’s (RIO) subsidiary, Pilbara Iron Company
- Under the agreement, Fleetwood will supply, install, refurbish and relocate buildings at the camp
- The upgraded camp will help a growing workforce who are working on the rail maintenance and upgrade works on the Tom Price to Cape Lambert rail line
- Fleetwood is expecting to complete the upgrades in 10 months
- Fleetwood ended the day up 1.01 per cent and is trading at $2 per share
Fleetwood (FWD) has won a $30 million camp expansion and upgrade contract from Rio Tinto’s (RIO) subsidiary, Pilbara Iron Company.
The contract is for the Ti Tree Rail Camp, located 170 kilometres southeast of Karratha and 100 kilometres north of Tom Price.
Under the contract, Fleetwood will supply, install, refurbish and relocate buildings at the camp.
The upgraded camp will help an expanded workforce who are working on the rail maintenance and upgrade works on the Tom Price to Cape Lambert rail line.
Fleetwood will commence work on the camp this month and is expected to be finished in 10 months. This means revenue will contribute to first half of 2021 – which is the second half of the 2021 financial year.
“The opportunity to partner directly with one of the world’s largest mining companies like Rio Tinto highlights Fleetwood’s experience as the largest Australian-owned modular building company,” CEO Andrew Wackett said.
On market close for the day, Fleetwood is up 1.01 per cent and is trading at $2 per share.