FINWIRES · TerminalLIVE
FINWIRES

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

By

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.

Related Articles

Asia

Ley Choon Unit Bags SG$36 Million Contracts; Shares Up 3%

Ley Choon's (SGX:Q0X) subsidiary, Ley Choon Constructions and Engineering, secured underground utilities services contracts worth SG$35.6 million, according to a Tuesday filing with the Singapore Exchange.Shares of the underground infrastructure services company were up nearly 3% in Wednesday trading.The contracts are expected to conclude within 24 to 36 months.

SGX:Q0X
Asia

Goldwind Science & Technology to Provide Wind Turbine Services in Morocco for $29 Million; Hong Kong Shares Down 3%

Goldwind Science & Technology (SHE:002202, HKG:2208) agreed to provide long-term operation and maintenance services for wind turbines in Morocco for a total guarantee amount of up to $29.4 million, according to a Shenzhen bourse filing on Wednesday.The deal was signed with Energie Eolienne du Maroc through a subsidiary, Goldwind Morocco (SARL).The Chinese wind power company's Hong Kong shares dropped 3%, while Shenzhen shares rose less than 3% during morning trade.

HKG:2208SHE:002202
Asia

AusQuest Says Reverse Circulation Drilling at Peru Porphyry Copper-Gold Project Defines Continuous Mineralized Corridor

AusQuest (ASX:AQD) said reverse circulation drilling continues to define a continuous mineralized corridor extending more than 1,500 meters in length at the Cangallo porphyry copper-gold project in Peru, according to a Wednesday Australian bourse filing.Drilling encountered intercepts of 269 meters at 0.3% grade of copper and 0.1 grams per tonne (g/t) grade of gold from 160 meters, as well as 214 meters at 0.3% grade of copper and 0.1 g/t grade of gold from 124 meters.The company said that permitting of the stage four drill pads was prioritized to enable further drilling in the highly prospective southern portion of the prospect.

ASX:AQD