Macmahon Holdings Ltd
(ASX:MAH) has been awarded a $150 million Gladstone LNG civil works subcontract.
The contract includes site preparation, clearing, bulk earthworks, pavements, roads and drainage for the 144 hectare greenfield site.
The project will process coal seam gas into LNG. It’s a joint venture between Santos and three of the world’s largest LNG companies.
Macmahon’s work will start immediately and is scheduled for completion in late 2012.
Macmahon Holdings posted a half year net loss of $16 million to December 31, 2010.
