MACA gains two new civil contracts

Company News

by Rachael Jones

Services contractor MACA (ASX:MLD) is pleased to announce the award of a Construct Only contract with Main Roads Western Australia for Stage 3 of the Karratha / Tom Price Road.

The contract is expected to generate revenue of $81 million and is due to commence in September of 2019 and be completed by mid 2020.

In addition, MACA, through its Victorian based Civil and Infrastructure business, has been awarded a $10 million construction contract by VicRoads for the Shepparton Alternative Route Roundabout Upgrades.

These two contracts will underpin the Civil and Infrastructure division through the FY20 period.

Shares in MACA (ASX:MLD) are trading 0.56 per cent higher at 90 cents.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.