Infrastructure services provider Ventia stands to earn A$300m a year in a multi-year deal with the government of South Australia to manage schools, hospitals, police stations and other facilities.
The ‘Across Government Facilities Management Arrangement’ announced yesterday initially lasts five years and seven months, with the potential for three two-year extensions.
Transition activities for the contract will begin in July and operations will commence in December 2021. Ventia will carry out work for some 30 government agencies across the state.
"South Australians rely on the essential services delivered at more than 3,500 Government locations across the state and Ventia is pleased to support the Government of South Australia, with the delivery of facility management services to the community, 7 days a week, 365 days a year," said Ventia chief executive Dean Banks.
Formed in 2015 by the merger of Leighton Contractors Services, Thiess Services and Visionstream, Ventia is a 50:50 investment partnership between Cimic Group and Apollo Global Management.
Image: Parliament House, Adelaide, capital of South Australia (hypnotiseme/CC BY-SA 2.0)Â