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SRP Serco Group Plc

179.10
1.00 (0.56%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Serco Group Plc LSE:SRP London Ordinary Share GB0007973794 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 0.56% 179.10 178.80 179.10 182.60 176.80 182.60 3,120,610 16:35:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
General Government, Nec 4.87B 202.4M 0.1834 9.75 1.97B

Serco Group PLC Wiri Prison Contract in New Zealand

11/09/2012 7:00am

UK Regulatory



 
TIDMSRP 
 
Serco consortium signs new prison contract with New Zealand Department of 
Corrections 
 
11 September 2012 
 
Serco Group plc (Serco), the international service company, announces today 
that its consortium has signed a new contract with the New Zealand Department 
of Corrections to provide and operate the innovative new prison at Wiri, South 
Auckland, New Zealand. 
 
Under the contract, Serco will operate the prison for 25 years from when it 
opens in mid 2015. Serco will also work with its partners including Fletcher 
Construction, John Laing and Spotless on the full design, construction 
and financing of the prison. From date of opening, Serco's operating contract 
is anticipated to have revenues of approximately GBP15m a year with revenues in 
the pre-operational phase expected to total around GBP2m. 
 
The design for the new 960-place male prison has drawn on Serco's international 
experience of operating prisons to ensure its construction will complement the 
innovative approach to addressing offending behaviour in a safe and secure 
environment.  The prison will work to reduce reoffending on a payment by 
results basis; providing rehabilitation programmes based on international 
research, using innovative technology and working with family and community 
groups to help reintegrate offenders on release.  In particular, Serco will 
implement an approach to achieving effective outcomes with Maori prisoners. 
 
Serco is a leading international operator of custodial services including the 
management of Mount Eden Corrections Facility in Auckland New Zealand. It also 
operates two prisons in Australia and started operating its sixth prison in the 
UK, HMP Thameside, earlier this year. 
 
Christopher Hyman, Chief Executive of Serco Group, said: "We are delighted to 
have been selected by the New Zealand Government to provide and operate the 
new prison at Wiri. This is an exceptional opportunity to deliver our 
innovative, cost-effective approach to the rehabilitation and reintegration of 
offenders in a secure setting which will be custom-built for the purpose.  We 
look forward to working closely with our consortium partners, the Department of 
Corrections and in conjunction with Mana Whenua to reduce reoffending and 
protect the local community. Serco's selection for this important contract is 
further evidence of our growth in the region and continued ability to use our 
international experience to deliver innovative solutions that meet the needs of 
our customers." 
 
Ends 
 
For further information please contact Serco: 
 
Stuart Ford, Head of Investor Relations T +44 (0) 1256 386 227 
 
Marcus De Ville, Head of Media Relations T +44 (0) 1256 386 226 
 
About Serco 
 
Serco is a FTSE 100 international service company, which combines commercial 
know-how with a deep public service ethos. 
 
Around the world, we improve essential services by managing people, processes, 
technology and assets more effectively. We advise policy makers, design 
innovative solutions, integrate systems and - most of all - deliver to the 
public. 
 
Serco supports governments, agencies and companies who seek a trusted partner 
with a solid track record of providing assured service excellence. Our people 
offer operational, management and consulting expertise in the aviation, BPO, 
defence, education, environmental services, facilities management, health, home 
affairs, information and communications technology, knowledge services, local 
government, science and nuclear, transport, welfare to work and the commercial 
sectors. 
 
More information can be found at www.serco.com 
 
 
 
END 
 

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