Acrow secures major contract on Melbourne North East Link Project

Acrow Limited (ASX: $ACF) has secured a significant contract worth $5 million with Spark NEL DC JV for the supply of proprietary gantry systems on the Melbourne North East Link Project. The contract represents the largest single equipment supply contract in the company's history and is expected to contribute to the company's strategic growth.

Executive Commentary on Melbourne North East Link Project Contract

We are very pleased to be awarded this contract with Spark particularly since this is such a marquee project in the Australian infrastructure pipeline. When completed the project will provide three-lane twin tunnels that will finally close the missing link in Melbourne's freeway network. Up to 135,000 vehicles will use North East Link every day, reducing congestion in the north-east while maintaining local roads for local trips. Our team's success in securing this package on the next major civil infrastructure project in Victoria is strategically very important for Acrow, as we eventually transition off the CYP Metro Rail and Westgate Tunnel projects on which we have really established our credentials as a premium supplier in the major project space in the state. I congratulate the team on this fantastic achievement and look forward to continued growth and success in our Melbourne Formwork division.

Summary of Acrow's Contract with Spark NEL DC JV

Acrow Limited (ASX: $ACF) has signed a significant contract with Spark NEL DC JV for the supply of proprietary gantry systems on the Melbourne North East Link Project, with a contract value of $4.965 million. This marks the largest single equipment supply contract in the company's history. The CEO, Steven Boland, expressed his pleasure in being awarded this contract and highlighted the strategic importance of securing this package on the next major civil infrastructure project in Victoria. The project is expected to provide three-lane twin tunnels, reducing congestion in the north-east while maintaining local roads for local trips. Acrow's success in securing this contract is seen as a strategic move as the company transitions off previous projects and establishes itself as a premium supplier in the major project space in the state. With a commitment to continuous innovation and expansion, Acrow aims to set the national standard in engineered industrial and construction services, further solidifying its position as a leading provider in the construction industry.