Downer EDI signs $1 billion deal with Pacific National
Downer EDI Limited (Downer) has signed a Locomotive Maintenance Agreement (Agreement) with Pacific National Pty Ltd (Pacific National) valued at approximately $1 billion. The term of the agreement is ten years.
The Chief Executive Officer of Downer, Grant Fenn, said the Agreement was an important development in Downer Rail’s transformation to providing total rail asset solutions to its customers.
“Under the Agreement, Downer will provide a full suite of asset management services for over 300 Pacific National locomotives,” Mr Fenn said.
“This includes a range of scheduled and unscheduled maintenance services and a 24 hour Fleet Control Centre.
“The new features of the Agreement include remote monitoring of the assets and inspections while in service to ensure more locomotives are available for service, the locomotives are out on the tracks for longer hours and that they run at higher levels of reliability.”
Other Articles from this issue
Mindfulness: the best people investment for 2015
Mindfulness is no longer considered the weird thing it was a couple of years ago, and how could it be when the smartest...
Westpac Rescue Helicopter wins major contract
Westpac Rescue Helicopter Service Chairman, Cliff Marsh, said that he believed the community, and particularly volunteer...
What happened last year and how to improve this year
We see, hear and witness almost every week failure of businesses around us.
Harbourfront land release
The Hunter Development Corporation says Newcastle’s ongoing urban renewal will receive a boost with the release to the m...