Stagecoach short-listed for Docklands Light Railway contract

Transport group Stagecoach announced Wednesday that it has been short-listed by Transport for London (TfL) to bid for the Docklands Light Railway franchise.

Transport group Stagecoach announced Wednesday that it has been short-listed by Transport for London (TfL) to bid for the Docklands Light Railway franchise.

TfL has said it plans to issue an 'invitation to tender' to short-listed companies within the next few weeks.

The outcome of the bid is expected in mid-2014.

A Stagecoach Group spokesman said: "We are pleased to have been successful in being shortlisted for the Docklands Light Railway franchise. We look forward to receiving the detailed Invitation to Tender documentation in due course, which will confirm TfL's key requirements for the franchise."

Stagecoach shares climbed 0.47% to 296.50p on Wednesday.

NR

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