Leighton, Boral ink road deal

The two construction groups sign a $700 million road management deal

Leighton Contractors Pty Ltd, Boral Construction Materials and Amey have won a joint venture contract to deliver a seven-year road asset management project for Syney's South Zone.

In a statement to the Australian securities exchange, Leighton Holdings Ltd said the Stewardship Maintenance Contract from Roads and Maritime Services New South Wales was worth approximately $100 million per year, making it one of the largest of its kind in the southern hemisphere.

The contractors are tasked with delivering improvement in maintenance services for the region's road network, including network operations support, operational asset management and project management.

The network improvements include key freight and commuter routes to Sydney Airport and Port Botany, and cover 2,000 kilometres of roads, 237 bridges and eight tunnels between the south of metropolitan Sydney to the Sutherland National Park.

Leighton Holdings chief executive officer Hamish Tyrwhitt said Leighton Contractors would receive $300 million for its part in the project.

“We are pleased to be playing a major role supporting RMS in operating and maintaining the New South Wales road transport network, benefiting the state’s economy and community," he said.

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