Maca Limited’s (ASX:MLD)
60 per cent owned subsidiary MACA Civil Pty Ltd has been awarded a contract to construct flood levees close to Carnarvon in Western Australia.
The mining and civil services provider says the contract is worth about $60 million and is expected to take a year to complete when it starts next month.
The Carnarvon Flood Mitigation Project is an alliance based contract with Main Roads Western Australia. The contract is the largest project awarded to MACA Civil.
Shares in Maca lifted 2.3 per cent on Friday to end the week at $2.22.
Maca generated a net profit of $37.3 million in the 2012 financial year.