WorleyParsons has been awarded a contract by The Pilbara Infrastructure Pty Ltd, a 100% subsidiary of Fortescue Metals Group Ltd (Fortescue) for its Pilbara Iron Ore and Infrastructure project.
The estimated value of the reimbursable contract will be approximately AUD$160m over a twenty-five month period (including final commissioning) which commenced in March 2006. The estimated value is based on the Project proceeding as planned, including Fortescue finalising its permanent project finance.
WorleyParsons will provide services to an integrated project team which comprises Fortescue and WorleyParsons personnel. The Project has progressed from front end engineering design phase with work recently commencing on the execution phase.
The integrated team is undertaking the engineering, procurement and construction management of the project, including coordination of contractors directly engaged by TPI.
