NRW Forrestfield-Airport Link project update

Company News

by Rachael Jones

Mining contractor NRW (ASX:NWH) have given an update on the Forrestfield-Airport Link project being constructed by the Salini Impregilo-NRW Joint Venture of which NRW is a 20 per cent partner.

From an NRW perspective, they say the construction contract progress is approximately four months behind the original schedule due predominately to Tunnel Boring Machine stoppages, which were directed by the client, the Public Transport Authority.

These delays are the subject of claims under the contract, which are being negotiated by the PTA and the Joint Venture.
The remediation options to the Dundas Road cross passage tunnel segments are being assessed in consultation with the PTA.

Depending upon the final remediation option selected, the schedule could be further delayed by up to four months.

Shares in NRW Holdings (ASX:NWH) closed 14.44 per cent lower at $1.60 yesterday.
 

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.