Allens has advised The GEO Group on the renegotiation and extension of its operating contract at the Fulham Correctional Centre.
The extension reflects current contracting for the operation of custodial facilities and aligns, where appropriate, with the award-winning Ravenhall Prison Project, on which Allens also advised the successful consortium.
The new contract will commence from 1 July 2016 and run for up to 19 years and three months, and represents a $1.45 billion nominal investment over the life of the contract by the State of Victoria ($593 million in net present terms).
The Allens team was led by Partner David Donnelly, who said the firm was proud to have advised The GEO Group on this landmark project for their business in Australia.
'Allens has had a long and distinguished track record of working on the most significant major projects around the region, including on all of the recent major, correctional projects across Australia and New Zealand,' Mr Donnelly said.
The Fulham Correctional Centre has a contract capacity of 947 beds with a further increase in planned capacity under consideration.
Allens legal team
David Donnelly (Partner), Paul Telford (Senior Associate), Siu-Mei Lim (Lawyer)
Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.