Business
National Express wins EUR 1bn Moroccan contract
National Express wins EUR 1bn Moroccan contract.
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[{"type":"text","content":"\n \nRNS Number : 5002T National Express Group PLC 04 July 2018 \n\n \nNational Express Group wins major €1 billion Moroccan bus contract\n \nWith this fifth contract, National Express becomes the largest transport operator in Morocco.\n \nNational 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.\n \nThe 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. \n \nALSA will operate the contract as the majority shareholder of a joint venture with CityBus, a local transport company. The contract is expected to secure €1 billion of revenue over the life of the contract.\n \nDean Finch, National Express Group Chief Executive, said:\n\"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.\"\n \n\"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.\"\n \nNotes\nNational Express/ALSA's 20 year history in Morocco\nWith this award, ALSA becomes the largest transport operator in Morocco.\n \nALSA's first Moroccan contract was awarded in 1999 - managing urban transport in Marrakech. \n \nOther cities were subsequently added: Agadir (2010), Tangier (2013) and Khourigba (2015). \n \nWith Rabat, ALSA's Moroccan business will:\n· carry around 265 million passengers a year; \n· have a fleet of 1,000 buses; \n· employ 3,600 people.\n \nNational Express growing international presence\nWith over three-quarters of National Express' revenues secured abroad, the Group has been significantly growing its international presence in recent years.\n \nIn North America, National Express operates n...