Plenary Group and Serco Reach Financial Close on Driver Examination Services Contract

Plenary Group and Serco Reach Financial Close on Driver Examination Services 
Contract 
TORONTO, June 28, 2013 /CNW/ - Plenary Group and Serco Inc., working as a 
consortium, announced today that they have been awarded the 10 year contract 
to provide Driver Examination Services for the Ontario Ministry of 
Transportation (MTO).  The contract will generate an estimated $800 million in 
shared revenues over the contract term. 
The successful bidders will provide application processing and the delivery of 
vision, knowledge and road testing across all license categories.  Serco will 
oversee approximately 575,000 knowledge tests and 675,000 road tests annually 
at 95 testing centers across Ontario.  Under the new contract, Serco's role 
will be expanded to include upgrading and enhancing information technology 
solutions to improve processing, scheduling and the delivery of services to 
drivers. 
"Serco proudly embraces the mission of the Ministry of Transportation to 
deliver high quality testing services throughout the province," said Ed Casey, 
Serco's Chairman and Chief Executive Officer.  "Being awarded this re-compete 
contract will allow Serco to further our support for our client and continue 
to enhance road user safety throughout Ontario." 
Plenary Group is the developer, equity investor and debt arranger for the 
project. In this capacity, Plenary Group has made significant financial 
commitments to guarantee the consortium's service delivery performance for the 
concession term. 
"We are thrilled to be forging a new relationship with MTO and Serco," said 
Brian Budden, Senior Vice-President of Plenary Group. "We look forward to 
building on our partnership over the next ten years and to ensuring excellence 
in service delivery and improved technology solutions to benefit Ontario's 
drivers and travelers." 
About Serco Inc.: Serco Inc. is a wholly-owned subsidiary of Serco Group plc, 
a $7.5 billion international business that helps transform government and 
public services around the world.  Serco is a FTSE 100 international service 
company, which combines commercial know-how with a deep service ethos. Around 
the world, we improve essential services by managing people, processes, 
technology and assets more effectively. We advise policy makers, design 
innovative solutions, integrate systems and - most of all - deliver to the 
public. Our people offer operational, management and consulting expertise in 
the aviation, business process outsourcing, defense, education, environmental 
services, facilities management, health, home affairs, information and 
communications technology, knowledge services, local government, science and 
nuclear, transport, welfare to work and the commercial sectors. More 
information can be found www.serco-na.com. 
About Plenary Group: Plenary Group is one of North America's leading 
specialized developers of long-term Public-Private Partnership (P3) and 
Alternative Financing and Procurement (AFP) projects, with over $6 billion in 
project capitalization, across Canada. For more information about Plenary 
Group, please visit the company's website at www.plenarygroup.com. 
Alan Hill, Serco Inc., 703-939-6500, alan.hill@serco-na.com; Olivia MacAngus, 
Plenary Group, 416-902-9695, Olivia.macangus@plenarygroup.com 
http://www.serco-na.com 
SOURCE: Serco Inc. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/June2013/28/c4256.html 
CO: Serco Inc.
ST: Ontario
NI: FIN TRN ORDER  
-0- Jun/28/2013 13:10 GMT
 
 
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