Connecting Stockholm, the joint venture (JV) between ComfortDelGro C52 (CDG) and Go-Ahead Group, has been awarded the contract to operate and maintain the Stockholm Metro. CDG owns 45% of the JV.
The contract, which was given to the JV by the Stockholm Public Transport Administration, Trafikförvaltningen, will be CDG’s first rail contract in Sweden.
The contract is for 11 years with operations starting from May 2025. The JV will operate and maintain all of Stockholm Metro’s seven lines. This includes 100 stations, six depots and 107km of track.
The JV’s role will include providing customer service and the planning and delivery of rail services. The JV will also oversee the maintenance of the fleet of the trains, station and depot facility.
In addition, the contract caters for the JV to provide project support for Trafikförvaltningen to further develop and expand the Stockholm Metro in the future.
Shares in CDG closed 1 cent lower or 0.71% down at $1.40 on Jan 23.
