Ventia Services Group Renews AU$405 Million Maintenance Contract With Yarra Valley Water

MT Newswires Live

05/15

Ventia Services Group (ASX:VNT, NZE:VNT) has renewed its maintenance services contract with Yarra Valley Water, valued at AU$405 million over nine years, according to a Friday Australian bourse filing.

The company said the contract consolidates existing service contracts, sewerage and water network reactive maintenance, and mechanical and electrical planned and reactive maintenance, with Ventia securing the South region under Yarra Valley Water's new two-partner delivery model.

The new partnership arrangements will commence in October. Ventia continues to deliver sewage and network maintenance services for Yarra Valley Water since 2015, it added.

The company's shares rose 2% in recent Friday trade.

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