ASX Announcement - LogiCamms is pleased to advise it has received a "Letter of Intent" from Thiess Degrémont, the design and construction contractor for the $3.5 billion Victorian Desalination Project, confirming its intention to award the contract for supply, installation support and site acceptance testing of the Project Control systems to LogiCamms.
The letter of intent authorises LogiCamms to begin early works on the contract, up to $400,000, for project mobilisation, long lead procurement items and initial engineering design services. The contract is expected to exceed $10 million.
The company is continuing to work with Thiess Degrémont to reach final agreement on all contractual details in order to secure formal contract award. The company hopes to conclude these discussions within the next 4 weeks and will keep the market updated on this matter.
The Victorian Desalination Project is the largest infrastructure project in the state's history. It is being delivered by AquaSure, which comprises leaders in the fields of infrastructure design, construction, and finance, Degrémont, a SUEZ ENVIRONNEMENT company, Thiess, and Macquarie Capital.
LogiCamms Managing Director, Adam Keats, commented, "We look forward to continuing to work with Thiess Degrémont to deliver this project on time and on budget.
"We are delighted to be working on this important Victorian water infrastructure project and our involvement reflects our industry leading process control systems expertise," Keats said.
