NRW Holdings awarded new WA rail work from Rio

Company News

by Rachael Jones

Mining contractors NRW Holdings (ASX:NWH) has been awarded the Koodaideri Rail Formation South Earthworks contract by Rio Tinto (ASX:RIO).

The project includes the construction of approximately 73 kilometres of new rail embankment, a new mine access road and associated road works along the Koodaideri rail alignment.

The project value is in excess of $137 million and is expected to have a duration of approximately 70 weeks with site works commencing in August 2019.

There will be over 300 staff based on site.

This contract also follows the recent award of the Koodaideri plant site earthworks contract where construction has already commenced.

Shares in NRW Holdings (ASX:NWH) are trading 8.56 per cent higher at $2.85.

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.