UGL secures $190M worth of long-term contracts

UGL, a member of a consortium called Axiom Education, said it has secured a public-private partnership (PPP) with Victoria’s Department of Education & Early Childhood Development to develop 11 new schools.Construction of the schools is set to begin in January and the schools will become available from 2010. Under the PPP, UGL will also provide integrated facilities management services that will run for 26 years. Other members of the consortium are community services provider YMCA, and equity sponsors ABN AMRO and Bilfinger Berger subsidiary Abigroup.Also among the contracts won by UGL are: A five-year contract to provide facilities management services to Australia Post’s national property portfolio – beginning in April 2009 – which has two additional one-year options. A three-year facilities services contract with the Department of Prime Minister & Cabinet in Canberra, which has options for two potential one-year extensions.“The work we carry out is predominantly focused on long-term maintenance of assets that are part of people’s everyday lives – such as these schools, post offices and government buildings,” UGL chief executive Richard Leupen said. “Our engineering and property services operations are both performing well and continue to add long-term, sustainable sources of revenue to our order book,” he said.

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