Kelsian Group Unit Strikes AU$500 Million Public Bus Service Contract Extension in Sydney
MT Newswires Live
Jun 02
Kelsian Group (ASX:KLS) unit Transit Systems West signed a two-year contract extension with Transport for New South Wales for public bus services in the inner west region of Sydney, according to a Tuesday filing with the Australian bourse.
Services under the contract will start July 1, with the company securing about AU$500 million in additional revenue over the extension period, per the filing.
The contract includes the operation and maintenance of 528 buses from four depots, as well as a fleet replacement program to supply an additional 151 fully electric buses.
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