Ventia awarded NZ road maintenance services contract
Key points
- Contract awarded by Far North District Council
- Valued at NZD $125 million over five years
- Extension options of three and two years
- Services include pavement, structures, vegetation, and roadside assets
Full summary
Ventia Services Group Limited (ASX: VNT) has secured a significant Road Maintenance and Renewal Services contract from the Far North District Council (FNDC) in New Zealand. The contract, worth approximately NZD $125 million over an initial five-year term, includes options for extensions of three and two years. The services will cover comprehensive road network maintenance, including pavement, structures, vegetation, and roadside assets. Dean Banks, Managing Director and Group CEO of Ventia, emphasized the company's commitment to providing safe and reliable roads for the local community.
Guidance
NZD $125 million contract over initial five-year term, with extension options
Outlook
Ventia expects to continue its role as a trusted long-term partner in road network management in New Zealand.
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