Go-Ahead JV gets short-listed for Docklands Light Railway franchise

FTSE 250 transport firm Go-Ahead has announced that its joint venture (JV) partnership with Colas Rail has been short-listed to bid for the Docklands Light Railway franchise.

FTSE 250 transport firm Go-Ahead has announced that its joint venture (JV) partnership with Colas Rail has been short-listed to bid for the Docklands Light Railway franchise.

Transport for London is planning to issue the company, and the other short-listed companies, an 'invitation to tender' in the near future. The outcome of the bid is expected to be announced around the mid-point next year.

Go-Ahead, which is the market leader in operating transport in London, is already currently operating the maintenance of the City Airport, Woolich Arsenal and Stratford International extensions on the DLR network.

"The joint venture partnership encompasses expertise in all aspects of transport operations and asset management and is a unique combination of skills, experience and capabilities," the company said.

"Go-Ahead and Colas Rail are committed to submitting a high-quality bid that will offer outstanding value to TfL, DLR customers and the London taxpayer."

Colas Group deals mainly in road construction, but also provides total solutions in all aspects of railway infrastructure.

Go-Ahead's share price rose 1.05% to 1,544p by 13:40 on Wednesday.

NR

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