Visionstream today followed fellow NBN contractor Service Stream to be awarded a two-year extension to its contract to deliver fibre to greenfields developments across several states in Australia, with Tasmania added to the list.
Worth around $90 million, Visionstream will continue to roll out fibre to new developments in Victoria and Queensland for at least the next two years. NBN Co has also added Tasmania to the contract.
Visionstream has an existing contract with NBN Co in Tasmania, worth $300 million for four years for the overall fibre build, which covers work packages comprising passive fibre network construction, field services delivery and network augmentation and restoration.
The new, extended contract covers the design, construction and commissioning of pit, pipe and fibre optic cables for new estates in the three regions.
The contract renewal includes the consideration for a further two yearly extensions.
Visionstream's previous two-year contract for Queensland and Victoria was awarded in 2012 and was valued at $102 million.
According to NBN Co's weekly progress report for the week ending 11th May, 99,465 greenfields premises have been passed across the country since work began, with around 40 percent (40,431) of those passed activated.
Specifically in Visionstream's regions, Victoria counts 34,456 greenfields developments as passed and 15,237 activated, Queensland has passed 19,867 and activated 7,847, while Tasmania has 73 passed new developments with 5 activated.
The announcement follows news yesterday of a similar contract extension for fellow NBN contractor Service Stream, which won a further $70 million worth of work on top of the previous two-year, $81 million contract for greenfields across NSW, South Australia, Western Australia and the Northern Territory.