MACA gains two new civil contracts

Company News

by Rachael Jones

Services contractor MACA (ASX:MLD) is pleased to announce the award of a Construct Only contract with Main Roads Western Australia for Stage 3 of the Karratha / Tom Price Road.

The contract is expected to generate revenue of $81 million and is due to commence in September of 2019 and be completed by mid 2020.

In addition, MACA, through its Victorian based Civil and Infrastructure business, has been awarded a $10 million construction contract by VicRoads for the Shepparton Alternative Route Roundabout Upgrades.

These two contracts will underpin the Civil and Infrastructure division through the FY20 period.

Shares in MACA (ASX:MLD) are trading 0.56 per cent higher at 90 cents.