Infrastructure and construction firm Watpac Limited
(ASX:WTP) has won a $55 million contract to build a secure facility for the Reserve Bank of Australia.
The Melbourne construction contract follows deals to build a 39-storey tower in the Sydney CBD and a $50 million pact to build a new Velodrome in Brisbane for the Commonwealth Games.
Watpac has been transitioning back to its core civil construction roots following the mining downturn.
Its share price has been on a roller coaster ride in the past twelve months plumbing lows of 69 cents in February. The price is currently sitting around the 82 cent mark.
Watpac reported a net profit of $6.2 million for the first half of the 2015 financial year.
