STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
MTR and Nobina (STO:NOBINA) have signed an agreement regarding bus-for-rail services for the Stockholm commuter train system. The agreement enters into force on 11 December 2016 and runs for a period of 10 years, with an option for an additional four years. The agreement functions as a framework in which volumes and other details will be determined by infrastructure developments in the Stockholm region in the coming years.
“I am pleased with this agreement which ensures the provision of transport services for our shared customers in the event of scheduled commuter train cancellations as well as emergencies. We have chosen to cooperate with Nobina since we have jointly arrived at a customer-focused and efficient manner of organising and implementing bus-for-rail services,” says Dan Hildebrand, CEO of MTR Pendeltågen.
Nobina has broad experience of successfully operating bus-for-rail services. An example of this is the commuter train cancellations during this summer, when Nobina was responsible for providing the lion’s share of bus-for-rail services and did so with a high level of customer satisfaction. In the agreement with MTR, bus-for-rail resources will increase in order to provide the customer with a quicker response in the event of disruptions in commuter train services.
“Nobina currently provides bus transport in all directions around the inner city of Stockholm on behalf of SL. This provides us with favourable conditions for promptly and efficiently identifying routes for replacement buses in tough situations. We regard our cooperation with MTR as an important factor for ensuring provision of the entire journey for our shared passengers – irrespective of whether everyday alignment between bus and train is involved or whether the dimensioning of bus-for-rail services is involved in cases of disruptions,” says Jan Bosaeus, MD Nobina Sverige AB.
The information comprises such as Nobina AB (publ) is obliged to publicly disclose pursuant to the EU Market Abuse Regulation and the Securities Market Act. Through the above contact person, the information was submitted for publication at 4.00 pm CET on 6 October 2016.
Nobina is the largest and most experienced public bus transport service provider in the Nordic region. The Company’s expertise in prospecting, tendering and active management of public bus transport contracts in combination with long-term delivery quality makes Nobina an industry leader in terms of profitability, development and initiatives that promote a healthier industry. Every day, Nobina ensures that more than one million people arrive at work, school or other activities by delivering contracted public bus transport services in Sweden, Norway, Finland and Denmark. In addition, Nobina offers express bus services under the Swebus brand in the Swedish market. The Company has sales in excess of SEK 8 billion (2015/16), approximately 10,000 employees, and is headquartered in Solna, Stockholm. For more information, see Nobina’s website: www.nobina.com
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