25th Feb 2008 16:23
Oman Military Training College project not to proceed
25 February 2007
Since February 2004 the Training College Consortium, a 50:50 joint venture between the Bahwan Engineering Group and Serco Group plc (Serco), has been bidding to build and operate a military training college in Oman on behalf of the Oman Ministry of Defence.
The Training College Consortium has been informed that the Oman Ministry of Defence no longer wishes to proceed with its project.
The anticipated annual operating revenue to Serco was ‚£7m per annum from 2011 for 17 years.
Serco will announce its preliminary results for the year to 31 December 2007 on 27 February.
EndsNotes to Editors
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Serco improves services by managing people, processes, technology and assets more effectively in the health, education, home affairs, local government, science, technology, defence, transport and commercial sectors, in 37 countries.
Serco advises policy makers, designs innovative solutions, integrates systems and delivers to the public. More information can be found at www.serco.com.
For further information please contact Serco:
T +44 (0) 1256 745 900
Richard Hollins, Head of Investor Relations
Dominic Cheetham, Director of Corporate Communications
For further details contact:
Serco Group plc, Palm Court, 4 Heron Square, Richmond, Surrey TW9 1EW, United Kingdom
T +44 (0)20 8334 4122 F +44 (0)20 8334 4118 www.serco.com
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