The pipeline infrastructure project works include the Iron Bridge Magnetite Project in Pilbara, Western Australia, and the Beaudesert Water Supply Upgrade in South-East Queensland (SEQ).
The Iron Bridge works for MPC Kinetic commenced in late 2021 and are expected to generate $4 million in revenue over the next 12 months.
The scope involves the provision of survey management services, including surveying, data and geographic information system (GIS) for a concentrate and return water pipeline.
The Beaudesert Water Supply Upgrade will be performed under a Panel Contract Agreement with lead contractor Comdain Infrastructure.
Works are estimated to generate around $600,000 in revenue for Veris, with completion expected by September this year.
The Iron Bridge Magnetite Project is a joint venture between Fortescue Metals subsidiary FMG Magnetite, and Formosa Steel IB.
The project is set to deliver 33 million tonnes pa of high-grade magnetite concentrate when complete.
The Beauderset Water Supply Upgrade includes the design and construction of a 27 km bulk water pipeline and associated infrastructure connected Baudesert to the SEQ water grid.
The $95 million project will create up to 100 construction jobs and take around 18 months to complete.
Veris chief executive Michael Shirley said the company continues to demonstrate its strengths delivering pipeline survey and spatial data services across Australia.
“Given the considerable workload of future pipeline projects nationally, we are well positioned to leverage our strength and capability in pipelines and linear infrastructure to secure future opportunities,” Shirley said.
With the addition of the new contract, Veris’ pipeline project now has a weighted value of $190 million over the next 24 months.
For more information visit the Veris website.