Go-Ahead Group PLC Go-Ahead wins rail contract (3455E)
17 October 2018 - 9:10PM
UK Regulatory
TIDMGOG
RNS Number : 3455E
Go-Ahead Group PLC
17 October 2018
Press Release
17 October 2018
Go-Ahead wins first rail contract to be awarded in Norway
OSLO, NORWAY- The Go-Ahead Group (GOG) is pleased to have been
awarded the Oslo South package by the Norwegian authorities and the
Norwegian Railway Directorate, the first rail contract to be let by
the country.
The contract includes services in Sørlandsbanen, Arendalsbanen,
and Jærbanen in close cooperation with the Kolumbus public
transport company, covering a mixture of long-distance and suburban
routes.
It is an eight year contract (plus an optional two year
extension) beginning in December 2019 and comprises 5.5 million
train kilometres.
David Brown, Chief Executive Officer at Go-Ahead said, "We are
delighted to be given this opportunity to deliver Norway's first
contracted rail services. This is part of our targeted
international strategy.
"We look forward to working with the Norwegian authorities to
bring our international rail expertise and our customer knowledge
together to deliver reliable and comfortable local services."
Go-Ahead's devolved structure and locally focussed strategy will
be led in Norway by Magnus Hedin and Cathrine Elgin. They will
build a local team in Oslo, focussed on delivering new, modern and
comfortable journeys for customers.
The Norwegian contract further builds on Go-Ahead's
international footprint, which has already seen the FTSE-250 listed
transport operator launch bus services in Ireland and Singapore and
win four rail contracts in Germany.
Magnus Hedin, Director of Go-Ahead Nordic commented: "Our focus
is on customer satisfaction, reliability and local decisions taken
with our partners.
"We want to be a local operator who understands Norwegian
transport needs and the local Norwegian customers, while benefiting
from extensive experience in the UK."
This contract builds momentum towards the 15% Group operating
profit target by 2022 and contributes annualised revenue of GBP70m
to the GBP250m already secured.
Notes to editors
For more information please contact:
For further information:
Burson-Marsteller
Mark Sands
mark.sands@bm.com
07979 904 401
Go-Ahead press office
communications@go-ahead.com
020 7799 8999
About 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCBDLFFVBFBFBQ
(END) Dow Jones Newswires
October 17, 2018 06:10 ET (10:10 GMT)
Go-ahead (LSE:GOG)
Historical Stock Chart
From Apr 2024 to May 2024
Go-ahead (LSE:GOG)
Historical Stock Chart
From May 2023 to May 2024