PRETORIA – Aveng’s Australian-based subsidiary, McConnell Dowell, secured five key contract awards valued at more than R4 billion in the second quarter of its financial year to boost its total awards in the first half of its financial year to more than R8.5bn.
The awards increased McConnell Dowell’s order book to R11.4bn at end-December, which was 50 percent higher than the R7.6bn at end-June last year.
McConnell Dowell is a specialist infrastructure contractor offering engineering and construction solutions to the infrastructure, building and resource sectors across Australia, New Zealand and the Pacific, and Southeast Asia.
Eric Diack, the executive chairperson of Aveng, said yesterday that with a healthy level of early client involvement work underway, McConnell Dowell was well-positioned to continue to secure additional work in the near term.
“McConnell Dowell’s latest contract awards reaffirm the disciplined growth agenda of the business and reflect the growing momentum and demand for its specialist capabilities against a backdrop of strong competition across its operating regions,” he said.