National Express Group PLC National Express wins two German rail contracts (3193Q)
June 16 2015 - 9:00AM
UK Regulatory
TIDMNEX
RNS Number : 3193Q
National Express Group PLC
16 June 2015
16 June 2015
National Express wins two new German rail contracts
Further success in the North Rhine-Westphalia region
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.
National Express - which operates the UK's best performing rail
franchise, c2c - is delighted that local transport authorities in
North Rhine-Westphalia have today confirmed it as the preferred
bidder for a further two rail contracts in Germany.
These contracts are for two of the three that cover the
Rhine-Ruhr Express (RRX) services which operate between cities
including Cologne, Dusseldorf and Dortmund, in Germany's most
populous region. National Express' services will carry
approximately 30 million passengers a year.
The first of the contracts starts in December 2018 and the
second in December 2020. Both will run until December 2033.
These RRX services serve the same region and some of the same
cities as the two contracts that National Express will begin
operating in December this year.
Together these two new contracts are expected to generate
revenues of around EUR1 billion over their lifetimes.
Dean Finch, National Express Group Chief Executive, said:
"National Express is delighted with this further success in German
rail. It strengthens our presence in the North Rhine-Westphalia
region, where we begin operating our first contracts later this
year.
"I am very pleased with the progress that our strong local team
is making. They are focused on delivering rigorous proposals that
will provide excellent services for passengers, a fair deal for
local taxpayers and good returns for shareholders. We look forward
to providing passengers in the North Rhine-Westphalia region with a
high quality rail service for many years to come."
Enquiries:
National Express Group PLC
Matt Ashley, Group Finance Director 0121 460 8655
Louise Richardson, Investor Relations
Manager 07767 603386
Maitland
Rebecca Mitchell 07951 057351
Andy Donald 07738 346460
Notes to editors
The two contracts cover three lines serving:
Koblenz-Cologne-Wesel; Cologne-Dusseldorf-Minden;
Aachen-Dusseldorf-Dortmund.
The three lines serve a region of 15 million inhabitants.
These contracts have been let by seven local authorities led by
the Verkehrsverbund Rhein-Ruhr authority.
National Express will begin operating its first two contracts -
the Rhine Munster Express services - in December this year. These
contracts consist of a regional express service between
Rheine-Munster-Cologne-Krefeld and a Bonn-Cologne-Wuppertal
stopping service.
National Express' selection as the preferred bidder for the two
contracts to run the Nuremberg S-Bahn services, announced in
February, is currently the subject of appeal. This appeal will be
heard over the summer.
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTSFUFEMFISELM
Mobico (LSE:MCG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Mobico (LSE:MCG)
Historical Stock Chart
From Apr 2023 to Apr 2024