Hochtief Says Ventia Gets $300 Million a Year Contract in Australia

• (PLX AI) - Hochtief says Ventia awarded facilities management contract by South Australian Government.
• • Hochtief says contract will generate revenue of approximately $300 million per annum over an initial term of five years and seven months
• • There is the potential for three two-year extensions
• • Transition activities for the contract will begin in July and operations will commence in December 2021
• • CIMIC holds a 47% interest in Ventia