Wagners announced that it has secured a material contract for the supply of over 67,000 precast concrete tunnel segments for the Sydney Metro ­ Western Sydney Airport (Station Boxes and Tunnelling Works) Project (the Project), with tunnelling works planned to commence in early 2023. The new Sydney Metro ­ Western Sydney Airport service will connect St Marys with the new Western Sydney International (Nancy-Bird Walton) Airport and the Western Sydney Aerotropolis, providing a public transport service to the new airport. The Project, being delivered by the CPB Contractors Ghella (CPBG) joint venture, involves the construction of 9.8 kilometres of twin metro rail tunnels.

Wagners scope of works will require the manufacture of over 67,000 precast concrete tunnel segments for the twin tunnels, with all segments being manufactured locally at Wagners' precast manufacturing facility in Wacol, Brisbane. Manufacture of the segments will commence in late 2022 with the final segments scheduled for completion in early 2024. Wagners secured the contract after demonstrating to the CPBG joint venture that it has the required experience and resources to deliver such an integral component of the Project.

Wagners has successfully completed similar works packages on other tunnel infrastructure projects in recent years, most recently completing the manufacture of precast concrete segments for Brisbane's Cross River Rail project. Subject to project timing, the Project's contribution to the Company's revenue is expected to be in the vicinity of $140 million over an estimated 20 month period, commencing late 2022.