ComfortDelGro wins city bus contracts worth A$1.7b in Sydney
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Michelle Zhu
TRANSPORT operator ComfortDelGro (CDG) has secured three metropolitan bus contracts in Sydney with a total value of A$1.7 billion (S$1.5 billion).
On Monday (Nov 7), CDG said the contracts make up a significant part of the city’s public transport network, as it covers regions that are home to over 700 buses transporting 18 million passengers each year.
The Greater Sydney Bus Contracts include two regions (four and 14) which CDG currently operates. The new region four contract will commence in April 2023 and run for eight years.
Another contract is for a region (12) that is currently being run by another operator. It will be consolidated into contract region 14, which will commence in May 2023 and run for seven years.
CDG group deputy chief executive Cheng Siak Kian views the new contract wins as a strong vote of confidence from Transport for New South Wales.
The group has been operating in Australia for 17 years now, he notes, and the country continues to be a significant part of the business.
CDG currently operates in six states and territories in Australia with a total fleet of over 3,000 vehicles including buses, coaches and ambulances. This represents about 35 per cent of the group’s total fleet of buses and coaches – and is about 80 per cent of the size of its Singapore fleet.
Shares of the group ended Friday unchanged at S$1.32.
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