The latest win will see CDG increasing its market share in the state by 30%; CDG will serve 20% of Melbourne’s metropolitan network upon the start of the contract.
ComfortDelGro (CDG), through its Australian subsidiary, ComfortDelGro (SGX:C52
) Corporation Australia, has won three bus franchises within the Victorian Department of Transport and Planning’s Metropolitan Zero Emission Bus (ZEB) Franchises tender process. There were a total of five contracts up for tender.
The three franchises are worth around A$1.6 billion ($1.4 billion) over 10 years. Under the new franchises, which comprise 250 public bus and school routes serviced by over 360 buses, buses and depots are funded as part of the contracts and will transition to full ZEB operations prior to the end of the contract term. The term will commence on July 1, 2025.
