CCA Gets New BOP Contract
April 2nd, 2009
Corrections Corp. of America said Wednesday it has won a 4-year contract worth up to $226.4 million to house federal inmates at a new prison in Mississippi.
Under the 4-year contract with the federal Bureau of Prisons, the company would house up to 2,567 inmates the company’s recently completed 2,232-bed Adams County Correctional Center … The contract carries up to three 2-year renewal options and a guarantee of 50 percent occupancy at the beginning and eventually 90 percent.
The Nashville-based company houses more than 8,500 Bureau of Prisons inmates at several facilities and expects to begin taking inmates at the new prison during the third quarter of this year.