Nobina has signed traffic contracts in Värmland worth SEK 4 billion
Nobina has signed traffic contracts with Värmlandstrafiken covering regional and school traffic starting in December 2015. After a long appeal process, the court has finally decided that the original contract award notices were correct. The estimated total value is almost SEK 4 billion over the 10-year contract period.
The traffic contracts entail that Nobina assumes expanded responsibility for public transport by bus in Värmland, with approximately 60 regional and 90 school buses being added, to around 265 buses in total. Annual compensation under the traffic contracts will be around SEK 400 million, comprising a combination of fixed and incentive-based payment.
“We regard the court’s decision as a welcome acknowledgement that value is accorded to quality criteria when evaluating tenders, and may actually determine the outcome. These are important court decisions, which will influence future tenders,” says Ragnar Norbäck, President and CEO of Nobina. “Naturally, we are also very pleased that we are finally able to initiate the process of starting up in Värmland the traffic that we were awarded more than a year ago.”
In connection with the traffic start in December 2015, Nobina will invest in around 160 new buses, most of which will run on fossil-free fuel.
For more information, please contact:
Ragnar Norbäck, CEO and President Nobina AB, telephone +46 (0)8-410 650 00
Per Skärgård, CFO Nobina AB, telephone +46 (0)8-410 650 56
Ingrid Håkanson, IR Manager, telephone +46 (0)8-410 650 51
The Nobina group is the largest bus passenger transport company in the Nordic region. The operations include contractual regional traffic in Sweden, Denmark, Norway and Finland, as well as independently operated interregional traffic through Swebus. The Nobina group has annual sales in excess of SEK 7 billion, operates 3,500 buses and, with more than 260 million passenger journeys per year, and is one of the major passenger transport companies in northern Europe. For more information, please see www.nobina.com.
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