The Australian Transport Projects business is responsible for delivering major construction services to mainly government, including the design and construction of tunnels, roads, rail, signalling, station works and bridges.
The newly acquired business will operate standalone within the Gamuda group of companies, trading as DT Infrastructure Pty Ltd (DTI).
Gamuda Australia won three major contracts last year, including the Western Tunnelling Package for Sydney Metro West. Image Credit: Alexa Soh on Unsplash
Downer CEO Peter Tompkins said completion of the A$212m (US$144m) sale was an important milestone in the company’s portfolio simplification strategy.
“Going forward in the transport sector, Downer will concentrate on enhancing its market leading positions in rolling stock, road maintenance and New Zealand infrastructure delivery,” said Tompkins.
When the acquisition was announced in February, Gamuda group nanaging director Dato’ Lin Yun Ling said the move would support a wider variety of project delivery for customers in Australia.
“This acquisition is a strategic move for Gamuda in line with its regional growth plan. The Group is targeting to achieve a sustainable A$3bn (US$2.04bn) of annual revenue from the enlarged Australia business within the next three years,” Yun Ling said.
“We believe there are very substantial growth opportunities in Australia, and this move enables us to expand not only the volume of projects we do but also the different aspects of transport infrastructure work we will be undertaking – from large tunnelling jobs to medium-sized projects, rail, track construction and maintenance, line electrification, delivery of depots and stabling yards, and construction of railway stations.”
Last year Gamuda Australia secured three major project wins with revenue of more than A$3.3bn, including the Sydney Metro West – Western Tunnelling Package, in consortium with Laing O’Rourke; Coffs Harbour Bypass; and M1 Raymond Terrace extension.
