Nat/Ex wins Bahrain contract
National Express Group joint venture, Bahrain Public Transport Company, has been awarded a ten year contract to operate bus services by the Bahraini Ministry of Transportation. The contract commences on 15 February 2015 and will initially see 141 new vehicles serve the capital Manama and inter-urban routes across the entire Kingdom of Bahrain. It is a significant expansion on the existing 32 vehicle bus service and the Ministry of Transportation expect further expansion in the coming years. The contract is expected to deliver in excess of £170m of revenue to the joint venture over the decade. The development opens a new regional market for the company, providing a ‘springboard’ for further opportunities currently emerging across the Middle East. National Express, through its subsidiary, NX Bahrain Bus Company, has entered into a 50/50 joint venture with the Bahraini conglomerate Ahmed Mansoor Al A’Ali (AMA) to form Bahrain Public Transport Company which will hold the concession. This contract will serve around 77% of Bahrain’s population of 1.4m.
National Express Group Chief Executive, Dean Finch, said, ‘We are delighted to win this new contract for bus services in Bahrain alongside our partners, AMA. Building on our recent German rail success, we are delighted that our reputation for operational excellence is opening up further exciting, new markets. We expect this win to provide a platform for further expansion in the region and our team are already working on other opportunities.’