National Express Group PLC National Express operating German rail services (9158I)
December 14 2015 - 2:03AM
UK Regulatory
TIDMNEX
RNS Number : 9158I
National Express Group PLC
14 December 2015
National Express begins operating first German rail services
National Express Group PLC ("National Express") has begun
operating services on its first two German rail contracts, on the
Rhine Munster Express route. The two lines serve the North
Rhine-Westphalia region, including the important commuter cities of
Cologne and Bonn:
-- The RE 7 regional express line serves Krefeld - Cologne -
Wuppertal - Hagen - Hamm - Munster - Rheine
-- The RB 48 line serves Bonn-Cologne-Wuppertal.
National Express launched with 34 new Talent 2 electric trains
built by Bombardier. The new trains were procured by National
Express on behalf of the local authorities.
National Express won the two contracts in February 2013. The
contracts are for 15 years and will generate revenues of around
EUR1.6 billion across the period.
National Express took over operation of the contracts at
midnight on Sunday 13 December from previous operator Deutsche
Bahn. National Express will carry an estimated 18 million
passengers per year.
Dean Finch, National Express Group Chief Executive, said:
"Germany is Europe's largest rail market and is an important part
of our strategy. I am delighted that after significant planning and
preparation we have started running services. We will be
implementing our approach and success in running the UK's best
performing franchise, c2c, in Germany. National Express' aim is to
deliver a better, more frequent and reliable service to RME
passengers with brand new, modern trains.
"The German rail market presents significant further opportunity
for National Express. We are working on the start-up of our next
two German rail contracts on the Rhine-Ruhr Express. These bring
our already secured revenues from German rail to EUR2.6 billion. We
await the outcome of the appeal on the EUR1.4 billion Nuremberg
S-Bahn contract, have recently submitted a bid for another German
rail contract and see an active pipeline of attractive
opportunities throughout 2016."
Enquiries
National Express Group PLC
Anthony Vigor, Director of Policy and External Affairs 07767 603386
Louise Richardson, Investor Relations Manager 07827 807766
Maitland
Rebecca Mitchell 07951 057351
Notes
The contracts were let by three local authorities:
Verkehrsverbund Rhein-Ruhr (Dusseldorf area); Nahverkehr
Westfalen-Lippe (Rheine and Munster area); and Nahverkehr Rheinland
(Cologne and Bonn area). The process was led by the Verkehrsverbund
Rhein-Ruhr authority.
National Express Group PLC ("National Express" or the "Group"),
is a leading international public transport group, operating bus,
coach, rail and tram services across the UK, continental Europe,
North Africa, North America and Bahrain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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