Veris Australia has secured new pipeline infrastructure project works across Australia expected to generate approximately $4.6 million in revenue to be delivered within a 12-month period.
The pipeline infrastructure project works include:
- Iron Bridge Magnetite Project, Pilbara, Western Australia: the awarded works, for MPC Kinetic, are expected to generate approximately $4 million in revenue for Veris Australia over the next 12 months, with early works having already commenced in late 2021. The scope of works involves the provision of survey management services, including surveying, data and GIS services for a concentrate and return water pipeline.
- Beaudesert Water Supply Upgrade, South-East Queensland: the works, to be performed under a Panel Contract Agreement with the lead construction contractor Comdain Infrastructure (part of the Service Stream Group), are estimated to generate approximately $600,000 in revenue for Veris Australia, with completion expected by September 2022. The surveying services to be provided will include design audits, survey set-out, machine control modelling, asset design and as-constructed surveys.
The new works are in addition to the Stage 1, $2 million contract awarded to Veris Australia by MPC Kinetic for the Iron Bridge Magnetite Project in November 2021, bringing the combined value of the three contracts to approximately $6.6 million to be delivered across this calendar year.
The Iron Bridge Magnetite Project, a joint venture between Fortescue Metals Group subsidiary, FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd, is set to deliver 22 million tonnes per annum of high-grade magnetite concentrate product when complete. The project is located 145km south of Port Hedland in Western Australia.
The Beaudesert Water Supply Upgrade includes the design and construction of a 27km bulk water pipeline and associated infrastructure connecting Beaudesert to the SEQ Water Grid. The $95 million project will create up to 100 construction jobs and take up to 18 months to complete.
Michael Shirley, Chief Executive Officer, Veris Australia commented:
“We continue to demonstrate our strength in the delivery of pipeline surveys and spatial data services across Australia and look forward to working closely with our clients to execute these projects with our talented teams in Queensland and Western Australia.
“Given the considerable workload of future pipeline projects nationally, we are well positioned to leverage our strength and capability in pipelines and linear infrastructure to secure future opportunities.”