Macmahon Holdings (ASX:MAH) unit Decmil has signed AU$50 million contract to deliver the Ison Road extension project by the State of Victoria, the company said in a Monday Australian bourse filing.
The Ison Road extension, signed through Major Road Projects Victoria, will connect to its previous contract of the Ison Road overpass, signed for AU$78 million, to form a new freeway link between Melbourne and Geelong and is set to begin early this year and complete in 2026, per the filing.
The company's guidance for the current fiscal year remains unchanged, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.