MACA wins WA road maintenance contract

Company News

by David Chau

Mining industry contractor, MACA Ltd (ASX:MLD), has been awarded a road maintenance contract by Main Roads Western Australia.

MACA will provide resources, plant, materials, and traffic management in the Kimberley Region for an initial period of 2 years, plus two additional 1 year options to extend.

The company also says this project will provide baseline revenues of $8.4 million, and a $10 million provisional sum for other packages in the first 2 years.

MACA has also been awarded several civil works contracts in Victoria, including a project for VicRoads, worth $2.8 million, to make safety improvements in the Wellington Shire.

MACA reported a net profit of $24.2 million at 30 June 2016.

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.