Fletcher concludes negotiations on $300M Wiri prison project

Tue, 11 Sep 2012

Sept. 11 (BusinessDesk) - Fletcher Building, New Zealand’s biggest construction company, said it has concluded negotiations with the government on the $300 million design and build for South Auckland’s new Wiri prison. Fletcher is part of the SecureFuture group along with Serco, which will operate the 960-bed facility, Spotless Facility Services, which will do maintenance, and equity partners John Laing, InfraRed and Accident Compensation Corporation. The group is being advised by Macquarie Capital. The total cost of the 25-year contract is...

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