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Damstra (ASX:DTC) named technology partner for the North East Link project – The Market Herald

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  • Damstra (DTC) is appointed technology partner for workforce management services for the North East Link project, to be delivered by the Spark consortium
  • The North East Link project is Victoria’s largest road project, consisting of 26 kilometers of toll motorways to link the Metropolitan Ring Road to the Eastern Freeway.
  • Damstra will provide mobilization systems through its Enterprise Protection Platform (EEP) to approximately 15,000 permanent workers and contractors
  • EEP is a cloud-based software-as-a-service platform that enables and automates business processes and data flows
  • Damstra shares are up 15.4% and trading at 22.5 cents

Damstra (DTC) has been appointed technology partner for workforce management services for the North East Link project, to be delivered by the Spark Consortium.

The North East Link project is Victoria’s largest road project, consisting of 26 kilometers of toll motorways to link the Metropolitan Ring Road in Greensborough to the Eastern Freeway in Bulleen.

It is expected to generate $4.9 million in unaudited revenue for Damstra over six years, which is about $816,000 per year.

Damstra will provide mobilization systems through its Enterprise Protection Platform (EEP) to around 15,000 permanent workers and contractors.

EEP is a cloud-based software-as-a-service platform that enables and automates business processes and data flows.

It links existing third-party tools and technologies to optimize performance and investment utilization.

The Spark consortium includes CIMIC group companies CPB Contractors, Ventia and Pacific Partnerships, WeBuild in Italy, GS Engineering and Construction in South Korea, China Construction Oceania, Capella Capital, John Laing Investments and DIF.

Damstra has already begun working with Spark to establish the worker mobilization requirements, and the company believes this provides a solid platform to move into full implementation of the project in FY23.

“We are very pleased to announce this important long-term agreement with the Spark Consortium, which will be a major new customer for Damstra,” said CEO Christian Damstra.

“We believe this reflects confidence in Damstra’s ability to provide essential services to workers and contractors for large-scale infrastructure projects and demonstrates the strength of our integrated EPP offering.

“It also leverages the strength of our construction sector, which has continued to rebound strongly since COVID restrictions began to be lifted.”

Damstra shares rose 15.4% and were trading at 22.5 cents at the end of the day.