4th Mar 2005 09:32
Issued: 4th March 2005 Release: Contact: see below Serco joins SNC-Lavalin as preferred bidder for Canadian rapid rail transit line Serco Group plc's North American division, Serco Group Inc, ("Serco") hasjoined SNC-Lavalin Inc., the preferred bidder for a proposed rapid rail transitline in Vancouver, Canada, as partner for the operations and management (O & M)of the project.The SNC-Lavalin/Serco proposal is for a fully automated, driverless, systemwhich would connect Vancouver, Richmond and Vancouver international airport,"RAV Project".SNC-Lavalin will be responsible for the design, construction of the line andthe management of the funding aspects of the contractConstruction is expected to take five years, after which Serco and SNC-Lavalinwould operate and maintain the line under a 30 year agreement. This O & M partof the contract is expected to generate annual revenues of between C$16m andC$20m for Serco, which is estimated to be some C$500m over the life of thecontract.Christopher Hyman, Chief Executive of Serco Group plc said: "We are delightedto join SNC-Lavalin as preferred bidder for the operations and management ofthe RAV Project. The contract is significant for Serco as it will be thecompany's first rail operating contract in North America, building on ourinternational light rail services including the Docklands Light Railway inLondon, Metrolink in Manchester and the Metro in Copenhagen, Denmark." - Ends - For further information please contact Serco Group plc on +44 (0) 1256 745 900:Dominic Cheetham, Corporate Communications DirectorRichard Hollins, Head of Investor Relations * Serco is one of the world's leading service companies operating on an international basis in a diverse range of sectors, including transport and traffic management, justice, aerospace, science, health, education and local government. * In December 2004 Serco was named as Britain's most admired support services company and 6th most admired British company overall in the Management Today magazine survey. * Serco was named as Best Light Rail/Metro operator (2000), Best UK Operator (2001 and 2002), and Best London Suburban Operator (2003 and 2004) in the UK National Rail Awards for its Docklands Light Railway operations. * Montreal-based SNC-Lavalin, one of the world's leading engineering and construction companies.. NEWS RELEASE www.serco.comSerco Group plcSerco House, 16 Bartley Wood Business ParkBartley Way, Hook, HampshireRG27 9UY, United KingdomT +44 (0)1256 745900F +44 (0)1256 744111Serco Group Pty LimitedLevel 10, 90 Arthur StreetNorth Sydney, NSW 2060AustraliaT +61 (0)2 9964 9733F +61 (0)2 9964 9924Serco Group, Inc.20 E Clementon Road, Suite 102 SouthGibbsboro, New Jersey 08026United StatesT +1 856 346 8800F +1 856 346 8463ENDRelated Shares:
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