Ann: GENERAL: IFT: NZ Bus South Auckland Public Transport Tender...

  1. lightbulb Created with Sketch. 2
    • Release Date: 29/01/16 08:42
    • Summary: GENERAL: IFT: NZ Bus South Auckland Public Transport Tender Outcome
    • Price Sensitive: No
    • Download Document  1.65KB
    					IFT
    29/01/2016 08:42
    GENERAL
    NOT PRICE SENSITIVE
    REL: 0842 HRS Infratil Limited
    
    GENERAL: IFT: NZ Bus South Auckland Public Transport Tender Outcome
    
    NZ Bus advises that it has been informed by Auckland Transport that it has
    not been selected as a preferred tenderer for any of its South Auckland
    public transport services which were tendered for in late 2015. The NZ Bus
    services currently comprise 153 vehicles out of the total NZ Bus fleet of
    1,070 buses.
    
    NZ Bus Chief Executive Zane Fulljames said "Not being selected as a preferred
    tenderer in one of our incumbent locations is a disappointing outcome,
    particularly for our staff who work hard every day to deliver a high quality
    service and are part of the South Auckland community. However, as an
    incumbent we understand clearly the costs of operating in the South Auckland
    market and submitted a strong, high quality tender to reflect this."
    
    The tender outcome will have implications for NZ Bus staff operating in South
    Auckland.  There is a 9 month transition period to the implementation of the
    new South Auckland contracts, and NZ Bus will be taking this time to work
    through options for minimising the impact on staff.
    
    Mr Fulljames said it is important to keep this outcome in perspective.
    "While a number of contracts are being tendered across Auckland, other
    contracts are being renewed with incumbent bus operators through a direct
    negotiation process. NZ Bus has rights to negotiate a number of these
    contracts, representing in scale around 50 percent of its existing business
    in Auckland."
    
    For more information, please contact:
    
    Kevin Baker
    Infratil
    End CA:00276965 For:IFT    Type:GENERAL    Time:2016-01-29 08:42:41
    				
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.