ComfortDelGro unit wins A$200 million bus tender in New South Wales, Australia
TRANSPORT operator ComfortDelGro Corporation (CDC) on Tuesday (Jul 4) said that its indirect subsidiary bagged an outer-metropolitan bus contract worth A$200 million (S$180.3 million) in New South Wales (NSW), Australia.
The eight-year contract starting in July 2024 is for Region 7. It covers the NSW Central Coast, which includes The Entrance, Gosford, Wyong and the surrounding areas.
ComfortDelGro has, since February 2017, operated its Australia bus services through ComfortDelGro Corporation Australia (CDC), a wholly-owned subsidiary.
The contract was awarded to Red Bus CDC NSW, a 50:50 joint venture between NSW bus operator Red Bus Services and CDC NSW – a CDC subsidiary.
CDC NSW operates three other bus service contracts in the Australian state’s outer metropolitan areas – in Regions 7, 8 and 11. It also operates two contracts in Metropolitan Sydney in Regions 4 and 14.
ComfortDelGro expects the new contract win to create employment opportunities as CDC NSW expands its operations. The group estimates an increase of 150 employees to reach a workforce of over 2,500 across NSW.
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Shares of mainboard-listed ComfortDelGro closed 1.7 per cent or S$0.02 higher at S$1.180 on Monday.
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