The following media release is issued today by Ventia; a 50/50 investment partnership between CIMIC and its co-investor.
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.”