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Fletcher’s Higgins Wins Preferred Status on NZ$1.3bn NZTA Road Maintenance Deals

Story Highlights
  • Fletcher Building’s Higgins unit named preferred contractor for 10-year state highway maintenance contracts.
  • Expanded regional scope keeps contract revenue near NZ$1.3bn, securing long-term work pipeline and NZTA ties.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Fletcher’s Higgins Wins Preferred Status on NZ$1.3bn NZTA Road Maintenance Deals

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Fletcher Building Limited ( (FRCEF) ) has issued an announcement.

Fletcher Building’s subsidiary Higgins Contractors has been selected as preferred contractor by Waka Kotahi NZ Transport Agency for new 10-year Integrated Delivery Contracts covering state highway maintenance in East Waikato, Bay of Plenty and Hawke’s Bay, starting from April 2026. While Higgins will no longer service Manawatu under the revamped delivery model, the significantly expanded Bay of Plenty contract means the overall revenue from the new arrangements is expected to be broadly in line with the previous model at around NZ$1.3 billion over the term, securing a long-term workload pipeline and reinforcing Higgins’ relationship and standing with NZTA in New Zealand’s road maintenance market.

More about Fletcher Building Limited

Fletcher Building Limited is a New Zealand-based construction and building materials group whose operations span infrastructure, commercial and residential construction, as well as related contracting services. Through its subsidiary Higgins Contractors, the company is a major player in road construction and maintenance across key regions of New Zealand, servicing state highway networks under long-term agreements with government agencies.

Find detailed analytics on FRCEF stock on TipRanks’ Stock Analysis page.

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