The Victorian Department of Transport and Planning (DTP) has awarded Ventia the contract to deliver arterial road maintenance services across the Grampians and Eastern Metropolitan regions under the Victorian Road Maintenance Contract (VRMC) model.
Under the VRMC, Ventia will provide comprehensive road network maintenance, inspections, hazard and defect rectification, emergency response and minor capital works across rural and metropolitan arterial roads.
By way of its annual maintenance program, the company will undertake delivery of planned pavement maintenance works such as resurfacing and rehabilitation and delivery of planned maintenance of roadside assets such as mowing, vegetation management and drainage maintenance.
The company estimates the contracts have a combined value of approximately $340 million over the four-year base term that commences in July this year, it said in a filing to the ASX earlier this month.
The contract terms have options to extend two years (+2) for the Grampians and four years (2 + 2) for the Eastern Metropolitan contract.
Ventia also notes that the digital solutions it will deploy during this contract execution include linear asset works management information system (WMIS), real-time job visibility and tracking, end‑to‑end electronic workflows and advanced analytics to support whole‑of‑life decision-making, as well as AI-enabled technology for hazard and defect identification – enabling early, accurate and cost-effective interventions.
“With decades of experience providing operations and maintenance across the transport sector, these contracts will see Ventia support safe, reliable journeys for communities across regional and metropolitan Victoria, while delivering value for the state over the life of the assets,” Ventia managing director and group CEO Dean Banks says.
Image: Sourced from Ventia Newsroom
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