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- Saunders International (SND) is awarded $17 million in new infrastructure projects in NSW that will contribute to its revenue and earnings from Q3 2022 and through FY23
- Amongst the projects awarded, SND will be responsible for the manufacture and delivery of 166 Super T bridge girders for four bridges as part of the Sydney Gateway project that provides a vital connection from St Peters interchange to Sydney Airport
- Saunders will also be responsible for the design and construction of bridges in the Narrabri and Port Macquarie region
- In addition to these wins, Saunders is the preferred contractor for roughly $11 million of new infrastructure projects with final contractual negotiations currently being completed
- SND shares are down 8.26 per cent, trading at $1.00
Saunders International (SND) has been awarded $17 million in new infrastructure projects in New South Wales that will contribute to Saunders’ revenue and earnings from Q3 2022 and through FY23.
Amongst the projects awarded, Saunders will be responsible for the manufacture and delivery of 166 Super T bridge girders for four bridges as part of the Sydney Gateway project.
The Sydney Gateway Project provides a vital connection from the St Peters interchange to the domestic and international terminals at Sydney Airport through to Port Botany.
Saunders will also be responsible for the design and construction of a 52 metres long bridge in the Narrabri region and the construction of a four span, 45 metres long bridge including approach road works in the Port Macquarie region.
In addition to these contracts, Saunders is the preferred contractor for new infrastructure projects worth approximately $11 million. The final contractural negotiations are currently being completed.
“Saunders has a strong track record of successfully delivering projects to the public and private infrastructure sector in NSW,” Saunders CEO Mark Benson said.
“These project wins highlight our capabilities in delivering projects to this sector and strengthens our relationships with key customers.
“These wins further validate our strategy to target the Federal and NSW Government’s infrastructure spend.”
With more bridge construction opportunities coming to market through the ‘NSW Replacing Country Bridge’ program, the company is confident that it will continue its growth in the sector, according to Mr Benson.
SND shares are down 8.26 per cent, trading at $1.00 at 3:55 pm AEDT.
