NRW Holdings (ASX:NWH) receive two contract updates for Golding

Company News

by Rachael Jones

NRW Holdings (ASX:NWH) wholly owned subsidiary, Golding Contractors Pty Ltd has been awarded a 3 year term contract to complete general subdivision and associated infrastructure works at Lendlease’s Yarrabilba residential development in Queensland.

The contract value is worth around $50 million.

This contract award extends a partnership with Lendlease which started back in October 2017.

The company has also received a 12-month extension to its existing Agreement with Wonbindi Coal Pty Ltd at the Baralaba North Mine.

The award adds approximately $120 million to the existing contract, which now extends to June 2022.

Shares in NRW Holdings (ASX:NWH) are trading 0.97 per cent higher at $2.08.