USA National Express’ North American Transit business, National Express Transit, has also been selected to provide operations and maintenance for Solano County Transit (SolTrans), located in Vallejo, California.
This contract is worth $8m of revenue in the first year, and is for an initial five-year term with an option to extend by up to two years. Overall the contract has potential total revenue of $60m.
The contract is significant as it is National Express Transit’s first in the important Californian market. The contract also encompasses all forms of transit – local fixed route, regional commuter express bus service, paratransit and General Public Dial-a-Ride – as well as customer service and vehicle and facility maintenance functions throughout the cities of Vallejo, Benicia and Fairfield, California.
The contract was awarded after a competition which judged both the operator’s bidding price and service quality proposition.
Dean Finch, NX Group CEO, said: “This announcement demonstrates the international appeal of our market-leading and value-formoney services. Within a year our North American transit business has emerged as an important new player in the market.
“In around a year National Express has built up a transit business with more than $75m of annualised revenue. This win provides another platform for further growth in a market where we have an identified pipeline of $300m of capital-light opportunities.”
