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Highlights:
- DOW to receive approximately AUD 280 million in revenue from Ō2NL highway construction
- Downer EDI joins alliance to deliver 12km section of new Wellington–Levin corridor
- The company begins project establishment works; full construction scheduled to start in Spring 2025
Downer EDI Limited (ASX:DOW) has announced the signing of a Project Alliance Agreement (PAA) for the delivery of the southern section of the Ōtaki to North of Levin (Ō2NL) highway project, located between Wellington and Palmerston North on New Zealand’s North Island. The agreement, signed with the New Zealand Transport Agency Waka Kotahi (NZTA), is expected to contribute approximately AUD 280 million in revenue to Downer. Downer is participating as a member of the Ō2NL South Alliance, which includes McConnell Dowell, Beca, and Tonkin + Taylor. Together, the alliance will be responsible for constructing the 12-kilometre southern section of the 24-kilometre Ō2NL highway corridor. The project forms part of the New Zealand Government’s broader transport infrastructure development program.
The PAA follows an earlier Interim Project Alliance Agreement phase, which lasted more than 12 months and was focused on defining delivery timelines, confirming the project scope, and setting the Target Outturn Cost (TOC). That phase was undertaken collaboratively among alliance members and NZTA to align planning and execution strategies ahead of major works. Early establishment work for the southern section began in July 2025. Main construction activities are scheduled to commence in Spring 2025, with completion and road opening currently targeted for late 2029.
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