Wagners Bags Contract of Cross River Rail Project

  • Dec 16, 2019 AEDT
  • Team Kalkine

Wagners Holding Company Limited (ASX: WGN) has secured a material contract for the supply of precast concrete tunnel segments for the project’s Tunnel and Stations Works package. The tunnelling work is expected to begin in FY2021.

  • The company will manufacture all the precast concrete tunnel segments for the twin tunnels and all the segments will be manufactured locally at Wagner’s facility;
  • The company says it expects revenue from the contract to be in the vicinity of $40 million over an estimated nine-month period.

At AEDT 12:58PM, the stock was trading at $2.330 per share, down by 0.427% from its previous close.


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