Aveng bags R16bn worth of new work despite global inflationary pressures

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Aveng bags R16bn worth of new work despite global inflationary pressures
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Aveng bags R16bn worth of new work despite global inflationary pressure, with much of the new business coming from tenders won by its Australia unit

Infrastructure, resources and mining group Aveng says its Australasia-based subsidiary, McConnell Dowell, has successfully secured A$1.4bn of new work which it says will secure 98% of revenue for the 2023 financial year.

McConnell Dowell, which specialises in rail, marine and other infrastructure construction in Australia, New Zealand, South East Asia and the Middle East and brings in two-thirds of Aveng’s revenue, increased its work in hand by 39% to A$3.5bn by the end of September...

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