Information  X 
Enter a valid email address

Rotala wins contracts with Transport for West Midlands

By BFN News | 07:39 AM | Thursday 16 March, 2017


Rotala announces a series of new contract wins with Transport for the West Midlands (TfWM), with total revenue derived from these coming in at about £1.6m. These contracts were won following TfWM's latest tender round for its supported bus contracts, which were due to commence operations on 23 April 2017. They would attract a subsidy from TfWM of about £866,000 a year. The passenger revenue associated with these contracts was estimated to be a further £740,000 a year. "Therefore in a full year the total revenue derived from these contracts will be approximately £1,606,000." The contracts were for periods of 1-5 years, with most concentrated in the 3-5 year range. Story provided by StockMarketWire.com

a d v e r t i s e m e n t