Project management and services company Transfield Services (ASX:TSE) has won a second multi-million dollar subcontract from New Zealand's Ultrafast Fibre (UFB) project.
UltraFast Fibre Limited, a subsidiary of NZ electricity distribution company WEL Networks, has contracted Transfield to help design, roll out and maintain parts of the fibre network.
The deal, worth NZ$202 million ($164 million) covers around 430,000 residents in some regions of the North Island.
Crown Fibre, the state-owned company set up to oversee the UFB project, last year selected UltraFast Fibre as one of its partners.
The NZ$1.5 billion UFB project aims to roll out a wholesale fibre network to 75% of New Zealand homes.
WEL Networks, along with Enable Networks and Northpower, are between them responsible for rolling out to the 30.6% of homes that won't be covered by Telecom New Zealand.
Earlier this month, Transfield revealed it had won a NZ$260 million contract to provide similar services for Enable's portion of the network.
Both contracts have a 10-year term and are scheduled to take effect from July.
TSE shares grew 0.29% in Wednesday's trading to $3.410.