NRW Holdings’ shares have spiked on winning a $137 million earthworks contract at Rio Tinto’s Koodaideri iron ore project in the Pilbara.

The 70 weeks of work from August will have a peak workforce of 300.

The contract involves construction of 73km of rail embankment and drainage and other associated works, including roadworks at level crossings, rail signalling pads and permanent rail maintenance access.

NRW will also build a 44km mine access road along the rail alignment connecting Koodaideri to the Great Northern Highway.

The contract comes on top of NRW performing site earthworks for the Koodaideri plant worth $65 million.

The $US2.6 billion ($3.7 billion) project will sustain the output of Rio’s Pilbara iron ore operations.

“Koodaideri continues to deliver opportunities for businesses locally and nationally as we move in to the initial construction phase,” Rio Tinto Iron Ore Chief Executive Chris Salisbury said.

“The mine is a multi-billion-dollar investment in Western Australia and we are committed to supporting local businesses and jobs during its construction and operation,” he said.


Image: Chris Salisbury, The West Australian.