Engineering Group RCR Tomlinson has been awarded four new contracts with a combined value of $170 million, continuing to diversify into new sections and regions.
RCR has credited the contract wins to the growth of long-term client relationships, and RCR's approach of "delivering innovating solutions that provide improved cost and reliability to our customer operations."
Managing Director & CEO, Dr Paul Dalgleish said, “We are pleased to see the continued award of contracts across the businesses which supports our growth targets for this financial year. These new contracts further boost our order book for FY17 and beyond.”
The new contracts include :
The contract wins follow RCR's recent $120 million agreement to build processing infrastructure at Rio Tinto's Silvergrass East mine as part of its Pilbara iron ore operations in Western Australia.
An upgrade to two of Australia's most important international gateways will begin early next year.
Until very recently, years of lax controls allowed Melbourne – fuelled by local and overseas capital – to build apartments with four times the maximum density allowed in high-rise capitals like Hong Kong, New York and Tokyo. However, in early September, the state government imposed limits on the desnity of buildings developers can put on sites. It also made Melbourne's discretionary height limits mandatory. So how have Melbourne's developers adjusted? Many have made the switch to develop hotels, rather than residential towers.
Industry consultants Ernst and Young, in its 2016 Australian Yellow Goods Report, have confirmed that "values for yellow goods [large excavators, large haul trucks, small haul trucks, dozers and loaders] in the mining sector have continued to freefall over the last 12 months on the back of minimal demand and significant supply". However, there appears to be a light at the end of the tunnel for the construction and general purpose sector.
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