Perth-based engineering and remediation company Duratec has won a $100 million contract from the Department of Defence.
Perth-based engineering and remediation company Duratec has won a $100 million contract from the Department of Defence.
The Western Australian contractor secured the contract to carry out wharf and harbour basin maritime upgrade works.
The project will start immediately, with onsite work expected to commence in May and to be completed in 2025.
“This major project award consolidates the business' strategy of having several large-scale, longer-duration projects while still maintaining a diverse mix of smaller, shorter-duration works,” Duratec said in an announcement.
“The project also aligns with Duratec's focus on securing marine infrastructure works throughout Australia, as well as its significant strategic investment in northern Australia.
“Duratec is in a strong position to deliver the works, drawing upon its proven marine infrastructure experience, minimising disruption to harbour operations and shipping movements, operating in sensitive marine environments and factoring in large tidal and climatic fluctuation.”
Duratec managing director Phil Harcourt said the company was excited to have been awarded the contract.
"[It] further highlights the company’s ability to deliver projects of scale within the defence sector,” he said.
“Duratec has an experienced and well-prepared team capable of delivering this challenging project with certainty and timeliness while maintaining the highest level of quality."
Duratec shares were up 2.96 per cent to trade at 70 cents at close of market.
