Multi-disciplined engineering and construction company Saunders International Ltd (ASX:SND) has been awarded a design and construction contract worth ~$ 20 million for three tanks as part of the Sydney B4A Terminal Expansion project at Port Botany. The scope of work includes design, ground improvements, civil foundation, and the construction of three 35 megalitre diesel tanks with geodesic dome roofs.
SND’s orderbook is now strengthened to $ 108 million. Mobilsation and sites works are set to start immediately and works will continue through FY21; and the project will contribute revenue from FY20-H2 through FY21.
At 12:39 PM AEST, SND was trading up by 6.8% at $ 0.47.
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