NRW Holdings Wins AU$200 Million Highway Contract in Western Australia, Shares Hit All-Time High

MT Newswires Live

May 07

NRW Holdings' (ASX:NWH) unit NRW Contracting secured a contract worth about AU$200 million for the Tonkin Highway Grade Separations, Hale Road, and Welshpool Road East project by Main Roads Western Australia, according to a Thursday Australian bourse filing.

The company said design and procurement activities are expected to commence immediately following contract execution, with construction to start in the fourth quarter, with no material capital outlay required.

The scope of works includes reconstruction and widening of Tonkin Highway to provide three lanes in each direction and a diamond interchange at Welshpool Road East, forming part of the wider Tonkin Highway Corridor upgrades from Roe Highway to Kelvin Road, the filing added.

The company's shares rose 5% to reach an all-time high in recent Thursday trade.

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