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Downer EDI Secures Major Highway Project in New Zealand

Story Highlights
  • Downer EDI Limited is a leading provider of integrated services in Australia and New Zealand.
  • Downer has secured a NZ$311 million contract for a highway project in New Zealand, enhancing regional infrastructure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Downer EDI Secures Major Highway Project in New Zealand

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An update from Downer EDI Limited ( (AU:DOW) ) is now available.

Downer EDI Limited has entered into a Project Alliance Agreement to construct the southern component of the Ōtaki to North of Levin highway project in New Zealand, in collaboration with McConnell Dowell, Beca, and Tonkin + Taylor. This project, valued at approximately NZ$311 million, aims to improve transportation infrastructure in the Horowhenua and Greater Wellington region by 2029, featuring a new highway, shared pathways, interchanges, bridges, and underpasses. The initiative is part of the Roads of National Significance program and highlights Downer’s commitment to delivering significant infrastructure projects that enhance community outcomes.

The most recent analyst rating on (AU:DOW) stock is a Hold with a A$5.77 price target. To see the full list of analyst forecasts on Downer EDI Limited stock, see the AU:DOW Stock Forecast page.

More about Downer EDI Limited

Downer EDI Limited is a leading provider of integrated services across Australia and New Zealand, focusing on delivering and maintaining essential infrastructure. The company’s services are driven by investments in energy transition, defense capability, government services, and infrastructure expansion to support population growth and local industry revitalization. Downer operates in various sectors, including roads, rail, ports, airports, power, gas, water, telecommunications, energy networks, health, education, defense, and other government sectors.

Average Trading Volume: 1,094,453

Technical Sentiment Signal: Buy

Current Market Cap: A$4.58B

Learn more about DOW stock on TipRanks’ Stock Analysis page.

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