Veris secures additional works on Melbourne’s Metro Tunnel Project

What's happened?

Veris Ltd (ASX: VRS, “Veris”) has announced that it has secured a contract variation to provide additional monitoring surveys on the Metro Tunnel Project in Melbourne, Victoria.

What are the key highlights?

1. The additional survey works, which will occur every quarter until the end of 2023, have a total value of over $900,000.
2. This is an addition to the existing survey works Veris is currently providing on the project, resulting in an accumulated contract value of $22.5 million.
3. Veris Australia has been engaged by the Metro Tunnel Project’s Tunnels and Stations contractor CYP Design & Construction – a joint venture comprising Lendlease (ASX: LLC), John Holland and Bouygues Construction since late 2017, to provide a comprehensive range of surveying services.

For further information, please refer to the announcement linked below.