UCLA will receive $15.4 million from a campus-wide contract with Coca-Cola Co., the university announced Wednesday.

Currently, various parts of campus serve PepsiCo Inc. and Coca-Cola products. The 10-year agreement will consolidate UCLA’s beverage contracts and sponsorships and result in increased revenue for the university, according to the statement.

Coca-Cola will now serve its beverages in cafeterias, restaurants, vending machines and dining halls at UCLA. The contract also applies to UCLA Athletics.

“By negotiating as a single purchasing entity, the university arrived at more favorable contract terms that directly benefit the campus,” said UCLA Administrative Vice Chancellor Jack Powazek in the statement.

Revenue from the contract will be used to support campus programs, including about $3 million for student scholarships.

Fountain dispensers and on-campus vending machines that serve Pepsi products will be converted to serve Coca-Cola beverages over the next several weeks, said Phil Hampton, UCLA spokesman. Pepsi products will still remain available for purchase in the UCLA Store in Ackerman Union, Hampton added.

Compiled by Kristen Taketa, Bruin senior staff.