New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 4, 2014
08:48 EDTGEOGeo Group selected as preferred tenderer for development of Ravenhall Prison
The GEO Group announced that a GEO led consortium comprised of GEO’s wholly-owned subsidiary, The GEO Group Australia Pty, John Holland Construction, and Honeywell has been selected as the preferred tenderer by the Department of Justice in the State of Victoria for the development and operation of a new 1,000-bed Prison in Ravenhall, a locality near Melbourne, Australia. Following a final contract award, GEO expects to begin the development of the Facility in 2015 under a Public-Private Partnership financing structure with an equity investment from GEO of approximately 20% of the project following the activation of the Facility, and with returns on investment consistent with GEO’s company-owned facilities. GEO Australia would operate the Facility under a 25-year contract with Corrections Victoria upon its completion in late 2017. The Facility will provide unprecedented levels of in-prison and post-release programs aimed at reducing reoffending rates and helping offenders reintegrate into society.
News For GEO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 21, 2015
08:37 EDTGEOGeo Group reports contract from Washington Department of Corrections
GEO Group announced the signing of a contract with the Washington Department of Corrections for the out-of-state housing of up to 1,000 inmates at the company-owned North Lake Correctional Facility in Baldwin, Michigan. The contract will have a term of five years inclusive of renewal option periods. Under the contract, the Facility is expected to begin the intake process in the fourth quarter of 2015 with a gradual ramp over several months. At full occupancy, the contract would generate approximately $24M in annualized revenues.
May 20, 2015
08:31 EDTGEOGeo Group announces contract with Vermond Department of Corrections
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use