Ventia Awarded Victorian ITS Maintenance Contracts
Key points
- Ventia awarded two ITS maintenance contracts in Victoria
- Contracts valued at approximately $160 million over five years
- Extension options for up to four additional years
- Contract commencement expected from 1 December 2026
Full summary
Ventia Services Group Limited (ASX: VNT) has secured two Intelligent Transport Systems (ITS) maintenance contracts from Head Transport for Victoria. These contracts, valued at approximately $160 million over the initial five-year term, cover Victoria's Central and East regions. The contracts include options for extensions of up to four additional years. Ventia will deliver comprehensive maintenance services for traffic signals, street lighting, and ITS assets, reinforcing its role as a leading provider of transport infrastructure services in Victoria.
Guidance
Combined estimated contract value of $160 million over five years
Outlook
The contracts are expected to strengthen Ventia's position in the transport infrastructure services market and expand its role in supporting Victoria's road network.
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