UGL awarded $100M ‘reclaimed water’ contract

Company News

by David Chau

Shoalhaven City Council has awarded UGL Ltd (ASX:UGL) a $100 million contract as part of its Reclaimed Water Management Scheme.

The Council’s Scheme aims to maximise the use of reclaimed water for ‘beneficial purposes’, rather than disposing of it into the environment.

UGL, which provides engineering and construction services, says this contract will be completed over a two-year period, and will commence works in late August.

The company says the scope of its works include upgrading the Nowra and Bomaderry sewage treatment plants. In addition, UGL will design and construct a pipeline under Shoalhaven River to connect the Bomaderry and Nowra treatment plants.

UGL reported a net profit of $19.9 million at 31 December 2015.
 

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.