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UGL signs $260M worth of contracts for rail and mining services

ASX News
ASX:CIM
08 August 2019 06:10 (AEST)

CIMIC Group’s services company, UGL, has been awarded a $260 million contract for new rail and mining services contracts across Australia.

The company is Australia’s premier rail and mining services provider.

UGL has been awarded a contract extension by Transport for NSW to increase the size of the New Intercity Fleet due to the company being a member for the RailConnect NSW joint venture.

The New Intercity Fleet is a new state of the art train that will provide a new level of comfort and convenience for the thousands of customers.

The new trains are expected to increase a total of 554 carriages with the purchase of an extra 42 carriages.

Part of the RailConnect agreement included UGL provide maintenance services for 15 years.

UGL has also been awarded a contract from Pacific National to build four new diesel locomotives.

In the mining sector ,UGL has been awarded contracts for up to three years to deliver multi-disciplinary services including mechanical and piping, electrical and instrumentation, painting and insulation services.

CIMIC is an engineering- led construction, mining, services and public private partnerships leader.

Managing Director Jason Spears is pleased with the contracts.

“These contracts reflect our strong ongoing relationships, and our reputation for the delivery of outcomes focused on safety, quality, technical innovation and expertise, and reliability,” he said.

“UGL’s expertise and proven performance continues to result in new projects and contract extensions, reflecting our clients’ ongoing trust in our experience and solutions,” Jason added.

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