InvestSMART

NRW Holdings Limited (ASX:NWH)

ALERT: Price-sensitive ASX Announcement for NWH
Current share price for NWH : $6.830 0.16 (2.40%)+
Announcement
Release
7 May 2026 9:20AM
Price at Release
$6.670
Full Release
download
Summary
NRW Holdings Limited announced that its subsidiary, NRW Contracting Pty Ltd, has secured a major contract for the Tonkin Highway Grade Separations project from Main Roads Western Australia. The project aims to upgrade the highway corridor from Roe Highway to Kelvin Road, enhancing safety and reducing traffic congestion. Key works include highway widening, a diamond interchange, and a shared path. With a valuation of around $200 million, construction is slated to begin in the fourth quarter of 2026. The project is expected to bolster NRW's civil construction portfolio and demonstrates its proficiency in managing large-scale infrastructure projects.
Key Points
  • NRW Holdings Limited's subsidiary, NRW Contracting Pty Ltd, awarded the contract for the Tonkin Highway Grade Separations project.
  • The project involves upgrades from Roe Highway to Kelvin Road to improve safety and reduce congestion.
  • The scope includes widening Tonkin Highway to three lanes each way, a diamond interchange, and a shared path.
  • The contract is valued at approximately $200 million, with construction starting in Q4 2026.
  • Optional works include another grade separation at Hale Road, pending approval.
  • The project underscores NRW's expertise in complex infrastructure projects and enhances its work-in-hand.
  • CEO Jules Pemberton highlights the importance of the project for safety and congestion relief.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.