Veris Limited Expands Role in Western Sydney Airport Project with $5.15 Million Contract

Veris Limited ( (AU:VRS) ) has shared an announcement.

Veris Limited has secured an additional $5.15 million in contracts for the Western Sydney Airport SSTOM project, building on $2.8 million of work already completed. This new work includes engineering surveys, asset monitoring, and cadastral services, expected to continue until the end of 2025, with a pipeline extending to April 2027. These contracts enhance Veris’ role in a major infrastructure project and strengthen its relationship with the Parklife Metro Consortium, positioning the company for future opportunities in the 15-year Sydney Metro operations and maintenance contract. This development underscores Veris’ strategic focus on high-value, multi-disciplinary projects aligned with Australia’s core infrastructure programs.

More about Veris Limited

Veris Limited is a fully integrated digital advisory and consulting firm listed on the ASX under the code VRS. The company provides end-to-end spatial data and digital solutions to tier-1 clients across various sectors, including Transport, Buildings & Property, Energy & Resources, Defence, Utilities, and Government. Veris operates nationally in Australia, offering services that encompass spatial data collection, analytics, and consulting, catering to large-scale data requirements.

Technical Sentiment Consensus Rating: Hold

Current Market Cap: €16.43M

See more data about VRS stock on TipRanks’ Stock Analysis page.