Nobina secures tender in Finland for almost SEK 570 million
Nobina has been entrusted once more by the Helsinki Regional Transport Authority (HSL) to develop and operate bus services in the capital region. The total value of the contracts is estimated at SEK 570 million over the contract periods, which are seven years and one year, respectively, with the option to extend by three years and one year, respectively. Traffic is scheduled to start in August 2018 and comprises 29 buses, which will be supplemented with a further 13 buses in 2019. In parallel, HSL has announced that Nobina will be awarded an environmental premium for its transition to biodiesel.
As part of the transition from fossil diesel to biodiesel, HSL has decided to award Nobina an environmental bonus of SEK 5 million. This initiative will reduce CO2 emissions by nearly 80 per cent at the same time as particles and NOX emissions will be cut by 30 per cent and 10 per cent, respectively, compared with fossil diesel. The environmental bonus is a component of HSL’s environmental program aimed at reducing emissions from public transport and thus contributing to improved air quality.
“We are pleased that the Helsinki Regional Transport Authority has once again entrusted us to carry out this assignment. Continuing to develop services while also contributing to a better environment and air quality is aligned with HSL’s objectives,” says Tom Ward, Managing Director at Nobina Finland
HSL has an objective to reduce emissions from public transport and contribute to improved air quality. The aim is to reduce emissions of CO2, NOX and particles by 90 per cent between 2010 and 2025. To achieve the objective, new vehicle technology, better fuels and electric solutions must be utilised. Measures procured under the environmental bonus are aimed at alleviating the air-quality problems being experienced in the capital region.
The award decision can be appealed until 26 December 2017.
This information is such that Nobina AB (publ) is obligated to publish in accordance with the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was published, through the agency of the contact persons mentioned below, on 12 December 2017, at 2:30 p.m.
For further information, please contact:
David Erixon, Head of Communications, Nobina, +46 72 967 02 84
Mattias Gelinder, Head of IR, +46 72 967 02 61
Nobina is the largest and most experienced public bus transport service provider in the Nordic region. The Company’s expertise in prospecting, tendering and active management of public bus transport contracts in combination with long-term delivery quality makes Nobina an industry leader in terms of profitability, development and initiatives that promote a healthier industry. Every day, Nobina ensures that close to one million people arrive at work, school or other activities by delivering contracted public bus transport services in Sweden, Norway, Finland and Denmark. In addition, Nobina offers express bus services under the Swebus brand in the Swedish market. The company has sales of almost SEK 9 billion (2016/17), approximately 12,000 employees, and is headquartered in Solna, Stockholm. For more information, see Nobina’s website: www.nobina.com