Award of London Cable Car contract
FIRSTGROUP PLC Award of London cable car contract FirstGroup plc ('FirstGroup' or the 'Group') is pleased to announce that it has been awarded the contract by Transport for London (‘TfL’) to operate the IFS Cloud London Cable Car that links the Greenwich Peninsula with the Royal Docks area on the north bank of the River Thames. The contract will commence on 28 June 2024 and has an initial core five-year term with the option to extend for a further three years. The Group anticipates revenues of c.£60m over the eight-year period of the contract, with patronage risk taken by