National Express Group PLC National Express wins EUR 1bn Moroccan contract (5002T)
July 04 2018 - 2:00AM
UK Regulatory
TIDMNEX
RNS Number : 5002T
National Express Group PLC
04 July 2018
National Express Group wins major EUR1 billion Moroccan bus
contract
With this fifth contract, National Express becomes the largest
transport operator in Morocco.
National Express Group PLC ('National Express' or 'the Group')
is pleased to announce that its Spanish and Moroccan division,
ALSA, has been awarded a major bus contract in the cities of Rabat,
Salé and Temara, Morocco. Rabat is Morocco's second most populous
city and this contract will be ALSA's largest in the kingdom.
The 500 bus contract is expected to carry 109 million passengers
a year across 61 routes. It is initially for 15 years, with an
option of a further 7 year extension, with services commencing
within a year.
ALSA will operate the contract as the majority shareholder of a
joint venture with CityBus, a local transport company. The contract
is expected to secure EUR1 billion of revenue over the life of the
contract.
Dean Finch, National Express Group Chief Executive, said:
"I am delighted we have secured this major new bus contract in
Morocco. We have been steadily growing our presence in Morocco as
part of our strategy to expand in rapidly growing urban areas,
helping to diversify our earnings."
"It is particularly pleasing that our track record for service
excellence in Morocco played a significant part in this successful
bid. We hope to build on this success and secure further expansion
in the coming years."
Notes
National Express/ALSA's 20 year history in Morocco
With this award, ALSA becomes the largest transport operator in
Morocco.
ALSA's first Moroccan contract was awarded in 1999 - managing
urban transport in Marrakech.
Other cities were subsequently added: Agadir (2010), Tangier
(2013) and Khourigba (2015).
With Rabat, ALSA's Moroccan business will:
-- carry around 265 million passengers a year;
-- have a fleet of 1,000 buses;
-- employ 3,600 people.
National Express growing international presence
With over three-quarters of National Express' revenues secured
abroad, the Group has been significantly growing its international
presence in recent years.
In North America, National Express operates nearly 25,000
vehicles in the school bus, transit, para-transit and employee
shuttle markets. National Express is the second largest private
operator of school buses in North America.
In Spain, National Express is the largest public transport
operator, with around 2,500 buses and coaches, carrying around 159
million passengers a year.
National Express has also entered two new countries in recent
years:
-- National Express has operated the Rhine-Munster Express and
Rhine-Wuppertal Bahn in Germany since December 2015. We have been
awarded contracts to operate two further contracts to operate the
Rhine-Ruhr Express, the first starting in June 2019 and the second
in December 2020.
-- National Express acquired Alpybus, and ski transfer business
in Switzerland at the start of 2016. More recently we have
consolidated this presence with a further three acquisitions in the
Geneva area, expanding operations beyond ski-transfer and into the
tourist and school bus markets.
Enquiries
Chris Davies, Group Finance Director 0121 460 8655
Anthony Vigor, Director of Policy and External Affairs 07767 425822
Louise Richardson, Head of Investor Relations 07827 807766
Legal Entity Identifier: 213800A8IQEMY8PA5X34
Classification: 3.1 (with reference to DTR6 Annex 1R)
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END
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