Transfield and Downer win big nbn contracts

Transfield Services and Downer EDI have both been awarded five year contracts as part of the ongoing nbn rollout.

Transfield signed a five year Multi-technology Integrated Master Agreement (MIMA) that could be valued up to $A140 million in the first year, said a company ASX announcement.

The agreement aims to increase the efficiency and effectiveness of the nbn rollout, with a core strategy to maximise the use of existing infrastructure and improve productivity.

Transfield’s MIMA is in addition to two previously announced nbn contracts in Victoria, including a two year $A300 million extension to continue the local/distribution network design and construction of the fibre optic network.

Downer also signed a MIMA contract with nbn this week, with work set to commence 1 July. The contract is valued at approximately $A100 million for the first year.

Downer is forecast to make the NBN available to approximately 144,000 premises in Queensland, New South Wales and Western Australia in the first year of the rollout.

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