Plus   Neg

Serco Selected By South Australian Government To Manage Adelaide Remand Centre

Serco Group plc (SRP.L) announced, through its Australian subsidiary, has signed a new contract with the South Australian Government to operate and manage the Adelaide Remand Centre for the South Australia Department for Correctional Services. The estimated total contract value to Serco over an initial seven-year term is AU$115 million. The facility will be upgraded as part of the contract with an increase in total possible occupancy. Serco said it will begin transition of the facility immediately and full operational service will start in August 2019.

Under the contract, Serco will also develop and implement a purpose-designed remand strategy with a focus on safety and security, together with managing and preparing prisoners for release or relocation.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The University of Phoenix has agreed to pay a record $191 million to settle Federal Trade Commission charges alleging that the university used deceptive advertisements. According to the FTC, the university used deceptive advertisements that falsely touted their relationships and job opportunities... General Motors introduced new versions of its Chevrolet Tahoe and Suburban full-size SUVs that are bigger than previous models, offer more interior space and feature more advanced technology. The new vehicles join the new Silverado and Silverado HD as part of a complete redesign of Chevrolet's full-size truck and SUV lineup within 24 months. They will go on sale in mid-2020 in North America. Apple unveiled a new feature for the Apple Card, enabling cardholders to buy a new iPhone in 24 monthly installments without paying interest. In October, during Apple's earnings call, CEO Tim Cook had announced the tech giant's plans to introduce this feature. The Apple Card, Apple's first credit card, was introduced by the tech giant in March in partnership with Goldman Sachs and Mastercard.
Follow RTT