Engineering and construction company UGL Ltd
(ASX:UGL) has been awarded a $120 million contract with Melbourne Water.
The company says it has been nominated by the Melbourne Water Corporation as preferred construction partner, in joint venture with Baulderstone, for the planned upgrade of the Eastern Treatment Plant in the south east suburb of Carrum.
The company says it will form an alliance with Black & Veatch, KBR and Melbourne Water to undertake the $380 million project, of which UGL’s share is approximately $120 million.
UGL says the project is subject to a final round of government approval and is expected to commence by the middle of this year.
Managing Director Richard Leupen says the company stands to benefit from increased spending in the infrastructure sector with a healthy pipeline of tendering opportunities currently being pursued.
UGL reported profit of $142.48 million for fiscal 09.
