DepCor meets with prison bidders - KUAM.com-KUAM News: On Air. Online. On Demand.

DepCor meets with prison bidders

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by Michele Catahay

Guam - The Department of Corrections has met with the senior partners of the three companies interested in building a new prison facility. Agency director J.B. Palacios says the companies coming close to securing the contract and finance for the project are Merchant Finance, Dick Pacific, and International Bridge Corporation.

"We know that from the ground up from start to finish were not going to having people protesting over each other it's going to be a smooth transition almost seamless. The only thing we are waiting for now is the legislation which would enable us to proceed to the second stage," he said.

The total cost for the new prison is estimated at $37,000,000.

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