Downer awarded Defence Redevelopment contract
Page 1 of 1
Media/ASX and NZX Release
14 September 2023
DOWNER AWARDED DEFENCE REDEVELOPMENT CONTRACT IN SOUTH
AUSTRALIA
Downer EDI Limited (Downer) today announced it had been selected to deliver the Planning Phase of the
Australian Defence Force’s proposed Woomera Redevelopment Program in South Australia.
The Planning Phase will commence in September 2023. Under the contract, the Downer CPB joint venture
will commence design development activities for the project (estimated value, $500 million - $750 million –
subject to further Government review) that will form the basis of Defence’s submission for Government
approval. Pending Government and Parliamentary approval and successful negotiations with the Downer
CPB joint venture for the Delivery Phase, the project will deliver buildings, services and infrastructure works
and meet the objectives of the Defence Strategic Review. Construction is planned to commence in early
2026 and is scheduled to be completed by early 2029.
Revenue will be split 50:50 between Downer and joint venture partners, CPB Contractors.
Under the contract, the joint venture will deliver buildings, services and infrastructure works to ensure
compliance with Defence standards and meet the objectives of the Defence Strategic Review.
The Chief Executive Officer of Downer, Peter Tompkins, said the contract would continue Downer’s proud
80-plus-year relationship with the Department of Defence.
“Downer is Australia’s largest sovereign Defence partner, providing program management of Defence base
redevelopments and upgrades, integrated facility and asset management across the Defence estate, and
technical and professional services,” Mr Tompkins said.
“Downer is proud of the role we play in supporting the growth of Australia’s Defence capability and local
industry participation.
“We look forward to working closely with the Department of Defence to develop these important facilities,
which will support Defence capability for the next 30 years, while also providing an opportunity to support
Indigenous and Small-to-Medium Enterprises across regional South Australia.”
Authorised for release by Downer’s Chief Executive Officer
About Downer
Downer is the leading provider of integrated services in Australia and New Zealand and customers are at the
heart of everything it does. It exists to create and sustain the modern environment and its promise is to work
closely with its customers to help them succeed, using world-leading insights and solutions to design, build
and sustain assets, infrastructure and facilities. For more information visit downergroup.com.
For further information please contact:
Media: Mitchell Dale, General Manager Corporate Affairs +61 448 362 198
Investors: Adam Halmarick, Group Head of Investor Relations +61 413 437 487
Downer EDI Limited
ABN 97 003 872 848
Triniti Business Campus
39 Delhi Road
North Ryde NSW 2113
1800 DOWNER
www.downergroup.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- WIN — Winton Land Limited: NZD/AUD FX rate set for Dividend2023-09-05
“MARKET ANNOUNCEMENT NZX: WIN / ASX: WTN 6 September 2023 NZD/AUD FX RATE SET FOR DIVIDEND The foreign exchange rate to be used for Winton’s dividend paid to Australian investors in Australian Dollars (NZD/AUD) has been set at 0.91703. The dividend will be paid on 12 Septembe…”
- CDI — CDL Investments New Zealand Limited: CDI H1 2023 Results Announcement2023-08-07
“--- 8 August 2023 CDL INVESTMENTS TARGETS GROWTH DESPITE LOWER FIRST HALF SALES NZX-listed property development and investment company CDL Investments New Zealand Limited (NZX:CDI) today released its (unaudited) results for the six months to 30 June 2023 and reported an…”