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- Release Date: 08/03/12 17:17
- Summary: GENERAL: FBU: Contract for Wiri Prison, South Auckland
- Price Sensitive: No
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FBU
08/03/2012 15:17
GENERAL
REL: 1517 HRS Fletcher Building Limited
GENERAL: FBU: Contract for Wiri Prison, South Auckland
Auckland, 8 March 2012 - Fletcher Building is very pleased to announce that
its subsidiary, Fletcher Construction, is part of the SecureFuture consortium
that has been awarded the contract to design, finance, build, operate and
maintain a new public private partnership (PPP) prison in Wiri, South
Auckland. The new 960 bed men's facility is needed to meet growing demand
for prisoner accommodation in Auckland.
Fletcher Construction will build the prison which will be operated by Serco,
which already runs the Mt Eden Corrections Facility, and will be maintained
by Spotless Facility Services.
Construction will start in the second half of this year, once the 25-year
contract has been finalised. The prison is expected to open in 2015.
The exact price of the PPP contract will not be finalised until SecureFuture
has completed negotiations, but the maximum potential cost of the 25-year
contract is capped at $900 million - 10 per cent below the cost of procuring
the prison through conventional means. The cost of the design and
construction component also remains subject to negotiation but is expected to
be in the order of $300 million.
Contact:
Graham Darlow
Chief Executive, Construction
Phone: +64 9 525 4923
Mobile: +64 21 491 810
End
End CA:00220503 For:FBU Type:GENERAL Time:2012-03-08 15:17:14
