The project involves the design, construction, finance, operation (25 years) and maintenance of a prison for 1000 medium security male prisoners and the design, construction, finance and maintenance of a Statewide Services Building. John Holland’s revenue from the contract is estimated to be $650 million.
Leighton Holdings Executive Chairman and Chief Executive Officer Marcelino Fernández Verdes said: “In line with the Federal Government’s commitment to fund new infrastructure in coming years, State governments and private sector investors are committing to civil and social infrastructure that meets the needs of their local communities and we are proud to be assisting with this investment. Much of this total infrastructure growth is expected to be funded by PPPs – around $50 billion in PPP projects are expected to commence by 2020 – providing opportunities for the Group as equity participant, contractor and asset manager.”
John Holland Managing Director Glenn Palin said there would be significant benefits for the local community.
Mr Palin said: “The Ravenhall Prison project will employ more than 700 people during peak construction periods, including staff, workforce and subcontractors. This involves a target of 4% Indigenous employment. Economic benefits will also extend to local suppliers.”
Construction is scheduled to commence in early 2015 and is scheduled for completion in late 2017.