Aveng Secures AU$1Bn In Contracts This Year

Aveng’s Australian subsidiary McConnell Dowell has won contracts to the value of Au$1 billion since end-December.

This is not the only good news for the troubled infrastructure and resources group, as it has also settled two long-standing outstanding claims that will release Au$41.5 million in cash to the group in the short term.

It said on Thursday the contracts awarded to McConnell Dowell, which operates in the engineering and construction sector across Australia, New Zealand and Pacific Islands and South East Asia, represents growth of 47% since December 31, 2019.

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