Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Australian Prison Contract

5th May 2006 09:26

Serco appointed to manage Australian prisonSerco Group plc5 May 2006International service company Serco Group plc ("Serco") today announces it hassigned a five-year contract to manage and operate Acacia prison in WesternAustralia.The contract with the Government of Western Australia's Department ofCorrective Services starts on 15 May and is valued at around Aus$150m over thefive years. The Government of Western Australia has the option to extend thecontract up to a further ten years.Acacia prison is a medium security establishment at Wooroloo, near Perth. Itopened in 2002, accommodates 800 inmates and is the only privately run prisonin Western Australia.In recent years the Government of Western Australia has increased investment toimprove community safety and reduce re-offending and the new contract placesmore emphasis on these programmes.Serco already operates four prisons, a young offenders institution and a securetraining centre in the UK as well as one prison in Germany.Christopher Hyman, Chief Executive of Serco Group plc, said: "We look forwardto working with the Western Australia Government to provide offenders with thesupport and skills they need to live a stable, healthy, law-abiding life afterthe end of their sentences." - Ends - For further information please contact Serco Group plc: T +44 (0) 1256 745 900Graham Capper, Head of Media and Public RelationsRichard Hollins, Head of Investor RelationsDominic Cheetham, Corporate Communications DirectorNotes to editorsSerco is an international service company which combines commercial know-howwith a deep public service ethos.We improve services by managing people, processes, technology and assets moreeffectively. We advise policy makers, design innovative solutions, integratesystems and - most of all - deliver to the public.Serco supports governments, agencies and companies who seek a trusted partnerwith a solid track-record of providing assured service excellence. Our peopleoffer operational, management and consulting expertise in the aerospace,defence, education, health, home affairs, local government, science,technology, transport and the commercial sectors.More information can be found at www.serco.com.ENDSERCO GROUP PLC

Related Shares:

Serco
FTSE 100 Latest
Value8,435.49
Change106.89