Kelsian Group Unit Renews Public Bus Contract with Jersey Island

MT Newswires Live

2024/10/24

Kelsian Group's (ASX:KLS) CT Plus Jersey, also known as LibertyBus, renewed a public bus contract with the Jersey government's Department of Infrastructure and Environment following a competitive bid process, according to a Thursday filing with the Australian bourse.

The filing said that the 10-year contract, which has a total value of AU$260 million, will start on April 6, 2025.

The filing added that as part of the deal, LibertyBus will grow its bus fleet with the goal of creating a majority battery-operated fleet by the end of the contract in 2035.

Price (AUD): $4.14, Change: $+0.02, Percent Change: +0.48%

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