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Worley Limited ( (AU:WOR) ) has shared an update.
Worley has been appointed Marine and Port Infrastructure Technical Advisor by the Government of Western Australia for the Westport Program, a major initiative to develop a new world-class container port in Kwinana that will ultimately replace Fremantle’s container trade. Working in joint venture with Arcadis under an initial three-year agreement, Worley will provide technical advisory and concept design services for port and marine infrastructure, supporting a project that will integrate new port facilities, road and rail links, an additional shipping channel and an offshore breakwater, with construction targeted to start in the late 2020s and operations by 2040. The engagement underscores Worley’s role in large-scale sustainable infrastructure, as Westport is designed to minimize environmental impact, pursue net-zero emissions and shift a greater share of container movements to rail to reduce congestion and emissions, drawing heavily on Worley’s Perth-based consulting team and its broader Australian and international marine expertise.
The most recent analyst rating on (AU:WOR) stock is a Buy with a A$17.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.
More about Worley Limited
Worley Limited is a leading global professional services company headquartered in Australia and listed on the ASX, providing engineering, consulting and project delivery services to the energy, chemicals and resources sectors. The company partners with customers to deliver projects and create value across the lifecycle of their assets, with a strategic focus on supporting the transition to more sustainable energy sources while continuing to serve current energy and resources needs.
Average Trading Volume: 1,683,795
Technical Sentiment Signal: Sell
Current Market Cap: A$6.69B
For an in-depth examination of WOR stock, go to TipRanks’ Overview page.