7 July 2021
ASX Market Announcements
Australian Securities Exchange Limited
Level 4
20 Bridge Street
SYDNEY NSW 2000
VENTIA AWARDED SA GOVERNMENT FACILITIES MANAGEMENT CONTRACT
Please find attached a copy of a media release to be issued today by Ventia; a 50/50 investment partnership between CIMIC and its co-investor.
Sincerely,
CIMIC GROUP LIMITED
T +61 2 9925 6666
F +61 2 9925 6000
Authorised by the CIMIC Group Continuous Disclosure Committee
ASX/ Media Release
Wednesday, 7 July 2021
Ventia awarded facilities management contract by South Australian Government
Ventia, a leading essential infrastructure services provider, has been awarded the Across Government Facilities Management Arrangement (AGFMA) by the Government of South Australia.
The contract will generate revenue of approximately $300 million per annum over an initial term of five years and seven months. There is the potential for three two-year extensions.
Transition activities for the contract will begin in July and operations will commence in December 2021.
On behalf of more than 30 government agencies across South Australia, the Arrangement covers asset management for government-owned facilities such as schools, hospitals and police stations.
Ventia Group Chief Executive Officer Dean Banks said: "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."
"Ventia applies a client-focussed, innovative and sustainable approach to essential infrastructure services and we are excited to bring this approach to the people and Government of South Australia."
Ventia Group Executive of Defence and Social Infrastructure Derek Osborn said: "Ventia is looking forward to partnering with local small to medium businesses to help us deliver these services, keeping investment and employment in South Australia.
"Ventia is also passionate about providing apprenticeships in various trades, as well as ensuring our employment opportunities focus on delivering a diverse and inclusive workforce."
"We look forward to working with the Government of South Australia, the Department for Infrastructure and Transport and the existing employees to ensure a smooth transition to the new contract and providing a high-quality service to the people of South Australia throughout the contract period."
-Ends-
For further information, please contact:
Lisa-Mae Driscoll - General Manager Marketing and Communications, Defence and Social Infrastructure
- +61 448 744 481
- lisamae.driscoll@ventia.com
About Ventia
Ventia is a leading essential and infrastructure services provider in Australia and New Zealand, proudly providing the services that keeps infrastructure working for our communities. Ventia has a combined workforce of more than 35,000 people, operating in over 400 locations across Australia and New Zealand. We pride ourselves on being client-focused, innovative, and delivering safe and sustainable services for our corporate and government clients. We operate across a broad range of sectors, including transport, telecommunications, utilities, defence, water, energy, resources, and social infrastructure. Ventia is an independent investment partnership between funds managed by affiliates of Apollo Global Management and the CIMIC Group.
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Hochtief AG published this content on 07 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 July 2021 16:23:27 UTC.