Go-Ahead Group PLC Go-Ahead awarded Outer Dublin bus contract (6345N)

TIDMGOG

RNS Number : 6345N

Go-Ahead Group PLC

10 August 2017

 
 The Go-Ahead Group plc 4 Matthew 
  Parker Street, London, SW1H 9NP 
  Telephone [phone] 
 

PRESS RELEASE

10 August 2017

THE GO-AHEAD GROUP PLC

("GO-AHEAD" OR "THE GROUP")

Go-Ahead awarded Outer Dublin Metropolitan Area bus contract

The Go-Ahead Group is pleased to have been chosen by Ireland's National Transport Authority (NTA) to operate bus services in the Outer Dublin area.

The contract, which is the first open tender process run by the NTA, comprises 24 routes, 125 buses and around 350 drivers.

Similar to the structure of Go-Ahead's bus contracts in London and Singapore, the contract will run for five years, from late 2018, with a possible two year extension.

Go-Ahead Chief Executive, David Brown, said:

"We are pleased to have the opportunity to work in partnership with the National Transport Authority to deliver a vital service to people living and working in and around Dublin.

"Ireland's economic growth and planned public transport investments offer an exciting opportunity for us as we execute our strategy of targeted expansion into new markets.

"Drawing on expertise in employee engagement and customer experience gained in cities like London and Singapore, we will provide a service that links communities and takes care of people's journeys."

ENDS

For further information, please contact:

 
The Go-Ahead Group 
Holly Gillis, Head of Investor Relations    020 7799 8984 
 
  Citigate Dewe Rogerson 
Angharad Couch/ Eleni Menikou/Toby Moore    020 7638 9571 
 
 

GO-AHEAD

Go-Ahead is a leading UK public transport operator, providing high quality services in the bus and rail sectors. Employing around 29,000 people across the country, over one billion passenger journeys are undertaken on our services each year. We are committed to operating our companies in a safe, socially and environmentally responsible way and are proud to have been accredited with triple Carbon Trust Standard for reductions in carbon, water and waste. In addition to the travelling public, our customers include the Department for Transport, Transport for London (TfL) and local authorities.

BUS

Go-Ahead is one of the UK's largest bus operators. With a fleet of around 5,200 buses, we carry over two million passengers every day. Our operations are focused on high density commuter markets. We have a strong presence in London, with around 24 per cent market share, where we provide regulated services for TfL. Outside London, we operate services in Oxford, East Anglia, the South East, Southern and north east England. In September 2016, the Group began operating a bus contract in Singapore, on behalf of the Land Transport Authority.

RAIL

The rail operation, Govia, is 65 per cent owned by Go-Ahead and 35 per cent by Keolis. It is the largest rail operation in the UK, responsible for over 30 per cent of all UK passenger rail journeys through its rail franchises: GTR (Govia Thameslink Railway) Southeastern and London Midland.

Disclaimer

Certain statements included in this press release contain forward-looking information concerning the Group's strategy, operations, financial performance or condition, outlook, growth opportunities or circumstances in the sectors or markets in which the Group operates. By their nature, forward-looking statements involve uncertainty because they depend of future circumstances, and relate to events, not all of which are within the Group's control or can be produced by the Group. Although the Group believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Nothing in this press release should be construed as a profit forecast and no part of these results constitutes, or shall be taken to constitute, an invitation or inducement to invest in The Go-Ahead Group plc or any other entity, and must not be relied upon in any way in connection with any investment decision. Except as required by law, the Group undertakes no obligation to update any forward looking statement.

This information is provided by RNS

The company news service from the London Stock Exchange

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August 10, 2017 06:30 ET (10:30 GMT)