VDM awarded $38 million in new contracts

VDM has won a $13m contract for road and drainage and restoration works from Gladstone Regional Council. The project is included under the State and Federal Government's Natural Disaster Relief and Recovery Arrangements and covers 70 flood damaged roads within the Gladstone Region with work comprising sealed and unsealed pavement reconstruction, culvert repairs and water table reinstatement. Work will commence in June 2012 with completion expected in April 2013. Works are being performed by VDM's Eastern Operations.

VDM has also been awarded approximately $10m in construction work for its Western Operations. These contracts primarily relate to bulk earthworks for residential subdivisions in Western Australia and further awards from the WA Public Transport Authority (PTA) for enhancements to PTA car park facilities throughout the metropolitan area.

In addition to the new contract awards, a further $8m in contract variations have been approved for VDM's Western Operations on existing projects. VDM Managing Director Andrew Broad said the contract awards were pleasing and evidence that the Company was capitalising on its significant growth opportunities.

“It is encouraging that VDM is continuing to win work across our key focus areas in Western Australia and Queensland, with the majority of recent awards being repeat business with valued clients such as MCC Mining,” Mr Broad said.

“The restructured design and construct business model is better aligned to our client's project delivery requirements and positions the company well for future resource and civil infrastructure opportunities.”

For more information visit: www.vdmgroup.com.au