Diversified services company UGL Ltd
(ASX:UGL) has secured new freight rolling stock and wagon orders with Queensland-based rail operator, QR Limited, valued at $100 million.
The manufacturing and delivery orders include four locomotives for operation in the Hunter Valley and a total of 360 freight wagons for operation in the Hunter Valley and the Bowen Basin.
Managing Director and CEO Richard Leupen says the orders reflect the continued strength in the resources sector and expanding opportunities currently being experienced in the Australian freight market.
Mr Leupen says the business is experiencing a near record level of tendering activity across all of the company’s operations, supporting increasing levels of visibility and confidence as it moves forward.
Earlier this month, the company was awarded a $30 million contract from Lynas Corporation Ltd to provide engineering and construction management services on an advanced materials plant in Malaysia.
It has also been nominated by Melbourne Water Corporation as a preferred construction partner for the planned upgrade of the Eastern Treatment Plant in Carrum.
UGL achieved a profit of $142.48 million for the 2009 financial year.
