Brierty Awarded $10M Fortescue Civil Work
Civil and mining contractor Brierty Limited (ASX: BYL) is pleased to announce the award of the $10 million contract with Fortescue Metals Group Limited (ASX: FMG) for the construction of a Fuel Loading and Provisioning Facility on the main Cloudbreak rail line.
The contract includes construction of rail formation, roads and concrete works. Work is scheduled to commence this month and be completed within four months. Contract terms have been agreed with formal contract documents expected to be signed shortly.
The contract is the third project in recent months awarded to Brierty by Fortescue and brings the total secured work on hand for the 2012 financial year to $225 million.
Brierty CEO Peter McBain said that the company is benefitting from increased infrastructure spending in the mining and energy sectors.