UGL awarded $120m contract
UGL Limited (UGL) has been nominated by Melbourne Water Corporation as preferred construction partner, in joint venture with Baulderstone, for the planned upgrade of the Eastern Treatment Plant. UGL said its share of the $380 million project is about $120 million.
The company said JV would form an alliance with Black & Veatch, KBR and Melbourne Water in an effort to improve the quality of treated water discharged into Bass Strait.
UGL said the project is subject to a final round of Government approval and is expected to commence by the middle of this year, and be completed by the end of 2012 followed by a further two years of operations and maintenance services.
The company said along with the alliance partners it would provide design and construction services and also participate in the initial operation and maintenance phase of the project.
UGL’s managing director and CEO Richard Leupen said the company stands to benefit from increased spending in the infrastructure sector.
At the close of trade monday, UGL shares were trading at $12.86.
Leave a Reply