June 25, 2012 — Texas A&M University plans to privatize its cleaning services, building maintenance, landscaping, and campus dining.
Per terms of the 10-year agreement, North Carolina-based Compass Group will pay Texas A&M US$45 million and spend an additional $30 million renovating the school’s dining facilities, reports The Statesman. Compass Group stands to profit from the meals it sells and serves in the university’s dining halls. University officials anticipate the deal will save the school about $260 million over the next decade.
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