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Friday, 13 October 2023

SRG Global adds $90 million NSW transport contract to portfolio

by Rose White

SRG Global adds  million NSW transport contract to portfolio

Diversified industrial services company SRG Global (ASX:SRG) has secured a $90 million road and bridge contract from Transport for New South Wales (TfNSW). 

The $346.68 million market capitalisation company says under the contract, it will construct the upgraded Princes Highway and Jervis Bay Road intersection at Falls Creek, just south of Nowra. 

SRG reports this upgraded intersection with be a grade-separated interchange with a bridge that will travel over Jervis Bay Road connecting to roundabouts on either side of the highway. 

The company will also upgrade the Princes Highway to 2 lanes in each direction. 

SRG Global is expected to make an immediate start and is scheduled to conclude operations in 2026, subject to weather.  

SRG Global Managing Director David Macgeorge says this contract reaffirms the company’s market-leading position in the delivery of roads and bridges. 

“This award is an outcome of our proven ability to target any major road and bridge projects in Australia, through now having the highest national road and bridge accreditation (R5/B4).

This award is an outcome of our proven ability to target any major road and bridge projects in Australia”

We look forward to working with TfNSW to deliver a safer Princes Highway with projects that include new and improved roads and bridges as part of the Australian and NSW Government’s significant investment in transport infrastructure to meet the needs of regional communities.”

SRG Global aims to deliver critical services for major industries across the entire asset lifecycle of engineer, construction and sustainability.

Write to Adam Drought at Mining.com.au

Images: SRG Global
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