Downer EDI Limited
(ASX:DOW) has announced that the Evolution Rail consortium has been selected by the Victorian government to deliver 65 new high capacity metro trains in Melbourne.
It is the largest investment into new rolling stock in Victorian history and includes a 30 year maintenance contract.
Over 1000 full time jobs are expected to be created as a result of the project.
The Evolution Rail consortium is made up of Downer EDI, China Railway Rolling Stock Corporation and Plenary Group.
Downer EDI Limited reported a net profit of $180.6 million at 30 June 2016.
