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News Category: Corporate

Zero emission transport for the Dreaming Spires: Oxford Bus Company orders 104 all-electric buses

31 January 2023

Zero emission transport for the Dreaming Spires: Oxford Bus Company orders 104 all-electric buses

  • Buses to be part of a 159-strong zero emission fleet on Oxford’s streets from late 2023
  • Go-Ahead’s largest electric bus order to date accelerates the group’s green transition
  • Environmental impact will be equivalent to taking 6,000 cars off the road
  • Co-funded by Go-Ahead, Oxfordshire County Council and the Department for Transport

Passengers in Oxford will benefit from a brand new fleet of zero emission buses on the city’s streets later this year, following an order placed by The Go-Ahead Group for 104 electric vehicles.

The deal is Go-Ahead’s biggest electric bus order to date, adding to the group’s 350-strong fleet of plug-in buses across Britain, and is a further step towards a goal of a zero-emission fleet nationwide by 2035.

The order will comprise 5 single and 99 double-decker buses, to be manufactured in Northern Ireland by Wrightbus, and all vehicles will be fitted with free customer WiFi, at-seat USB chargers and audio-visual next stop announcement systems as standard.

8 of the double-decker buses will be open-topped, to support the company’s popular City Sightseeing tour route, and once all buses are in service all local bus routes wholly within the Oxford urban area will be converted to zero-emission operation.

Go-Ahead is investing more than £30 million in the buses, alongside funding from Oxfordshire County Council and from the Department for Transport’s Zero Emission Bus Regional Areas (ZEBRA) scheme. This is part of a total package of £82.5 million of funding for 159 buses for operators in Oxford, which will become one of Britain’s leading electric bus cities.

The buses are part of a package of improvements for bus travellers in Oxford. Passengers will also benefit from speedier journeys with the installation of several new traffic filters in the city, an expanded zero emission zone and through additional bus priority schemes implemented by Oxfordshire County Council.

The buses will save an estimated 6,000 tonnes of carbon dioxide emissions each year – the equivalent of taking more than 3,900 cars off the road.

Luke Marion, Managing Director of the Oxford Bus Company, said: “This is a fantastic day for bus passengers in Oxford. We’re proud to be ordering a fleet of state-of-the-art, UK-made electric buses which will be cleaner and healthier for local residents, and offer a quieter, more comfortable ride for customers.”

The mobilisation of these buses will see Oxford Bus Company become the second largest bus operator of zero emission buses within the Go-Ahead Group, behind Go Ahead London. Once on the road in late 2023, it will bring the total number of zero emission buses within the Go-Ahead Group to 456.

Ben Werth, Chief Commercial Officer at Wrightbus, said: “We are, through this significant order, delighted to be working with Go-Ahead to further demonstrate their commitment to offering zero-emission public transport. It has been a real team effort between Wrightbus and the Oxford Bus Company to deliver this exciting project. All of the buses will be manufactured and assembled at our Ballymena factory, which means support for jobs in Northern Ireland, and wider across the UK through our domestic supply chain.”

Christian Schreyer, Group Chief Executive, The Go-Ahead Group, said: “This is a step towards our goal of a zero-emission bus fleet nationwide by 2035. It’s important to remember that decarbonising vehicles is only part of the challenge – we also need to encourage more people out of their cars and onto public transport. It’s great to see Oxford taking progressive measures to prioritise buses over private cars.”

In December, Go-Ahead opened a Zero Emission Centre of Excellence aimed at developing best practice in operating electric and hydrogen buses. The group already operates electric buses in London, Newcastle, Manchester, and Salisbury, and has ordered a fleet of hydrogen buses for the Crawley and Gatwick Airport area.

Luke Marion appointed Managing Director of the Oxford Bus Company

12 January 2023

Luke Marion appointed Managing Director of the Oxford Bus Company

The Go-Ahead Group has appointed Luke Marion as Managing Director of the Oxford Bus Company.

Previously Finance Director for ten years, Luke has been Interim Managing Director since April 2022, replacing Phil Southall who has moved to a role at The Go-Ahead Group’s head office in London.

A chartered accountant by training, Luke qualified at Ernst & Young, and he worked at Reckitt Benckiser before moving into transport. In addition to his role at Go-Ahead, he is a director of Oxfordshire’s Low Carbon Hub.

The Oxford Bus Company comprises Thames Travel, Carousel Buses and City Sightseeing Oxford as well as the Oxford Bus Company network. Based in Cowley, the business employs 600 people and is wholly owned by The Go-Ahead Group.

Martin Dean, Go-Ahead’s Managing Director, Regional Bus, said: “I’m delighted that Luke will be taking on the role of MD permanently in Oxford. He’s done a great job steering the commercial aspects of the business and he’s the ideal person to take the company forward.

“I’d like to thank Phil Southall for his outstanding leadership in Oxford, and to wish him well in his group role.”

Go Ahead wins franchises to operate Manchester’s Bee Network buses in Bolton and Wigan

23 December 2022

Go Ahead wins franchises to operate Manchester’s Bee Network buses in Bolton and Wigan

  • Go-Ahead’s Go North West selected in first two major contracts awarded under Greater Manchester’s new franchising system
  • Contracts in Bolton and Wigan comprise 55 routes served by a fleet of 308 buses, worth up to £400 million in revenue over seven years
  • Buses will be branded yellow as part of Greater Manchester’s new Bee Network

The Go-Ahead Group has won the first two contracts to be awarded by Transport for Greater Manchester as part of its plan to re-regulate bus services in the city region under its new Bee Network.

Go-Ahead’s Go North West operating company beat off competition from eight other operators bidding to run bus routes in both Wigan and Bolton from 17 September 2023.  TfGM are due to announce a further eight franchise contracts by early 2024, with the full network up and running from January 2025.

The buses will be part of Manchester’s new Bee Network, which will have a common brand and integrated ticketing across the city’s public transport. Under the deal, Go North West will run 55 routes to the north and west of Manchester.

Go North West will be paid a fee to operate the buses and all fares collected will go to TfGM. Around 750 people will transfer to Go North West from existing bus operators.

The Go-Ahead Group has been operating in Manchester since 2019, with a network of buses operating across Greater Manchester and Salford out of the Queens Road depot.

“”
We are very aware of the significance of these awards, and look forward to working closely with TfGM to deliver best in class bus transport in Wigan and Bolton from day one.

We’re delighted to be the first bus operator contracted to run services for Manchester’s new Bee Network. We’ve got an exceptional team at Go North West and we’re very proud of the level of service we provide to passengers.

Nigel Featham, Managing Director of Go North West

Under a strategy called The Next Billion Journeys published in early 2022, Go-Ahead set out plans to grow in the UK regional bus market. Go-Ahead is already the largest operator in London’s franchised bus market, running a quarter of bus services on behalf of Transport for London.

“”
Operating public transport in busy urban areas is Go-Ahead’s speciality. We believe bus travel is going to get more popular over the years ahead as cities around the world grapple with twin challenges of congestion and pollution. We’re pleased to be working with TfGM to deliver Manchester’s vision for the future of local transport

Christian Schreyer, Chief Executive, The Go-Ahead Group

Go-Ahead and UGL win contract to operate buses in Sydney’s South-West

22 December 2022

Go-Ahead and UGL win contract to operate buses in Sydney’s South-West

  • Buses in Sydney’s South and South-West will be operated by a newly created joint venture, U-Go Mobility
  • Contract commences in July 2023 for a term of approximately seven years, delivering over 500,000 passenger journeys daily
  • Go-Ahead is a UK and international bus operator, while UGL brings extensive, proven expertise of public transport infrastructure, operations and maintenance within the Australasian public transport market

The Go-Ahead Group and UGL are pleased to announce that their joint venture company, U-Go-Mobility, has been awarded a contract to operate buses in Sydney by Transport for New South Wales, worth approximately A$500 million, to be split 50-50 between the two partners.

Under a seven year deal with operations beginning in July 2023, U-Go Mobility will operate buses across the Sutherland Shire and Bankstown regions of Sydney. The network will comprise of 225 buses run by more than 400 colleagues, and it accounts for more than half a million passenger journeys every weekday.

The contract combines the previous Sydney Bus Contract regions 5 and 10, and will be known simply as Region 10. The operations are south-west of Sydney’s Central Business District and include services stretching from the city’s southern beaches to south-western suburbs. Areas served include Bankstown, Hurstville, Miranda, Cronulla and Bundeena.

Nominated transferring staff will be provided with offers of employment, allowing the opportunity to transfer to U-Go Mobility.

The contract award draws upon Go-Ahead’s expertise in the operation of buses in global cities and in zero-emission technology, together with UGL’s extensive, proven experience across the Australian transport market. Over the course of the contract term, U-Go will work with Transport for New South Wales to explore opportunities to introduce more zero-emission buses.

Go-Ahead is the largest operator of buses in London, running one in four of the British capital’s iconic red buses, and the group runs more zero-emission buses than any other UK company. Go-Ahead has transport operations stretching across six countries – including buses in the UK, Singapore, Sweden and Ireland, and rail in the UK, Germany and Norway. Go-Ahead has had a transport consultancy business in Australia since 2018.

UGL, a member of the CIMIC Group, is an engineering and services provider, with a track record of major transport infrastructure projects in Australasia’s biggest cities.

Christian Schreyer, Chief Executive of The Go-Ahead Group, said: “We specialise in running busy bus networks in global cities, so we’re delighted to be entering Sydney alongside our partner, UGL. We look forward to delivering punctual, good value buses to get Sydneysiders on their way each day, with outstanding customer service.

“Australia will be Go-Ahead’s seventh country of bus and rail operation. This underlines our ambition for international expansion as climate change, urbanisation and convenience encourage people around the world to switch from cars to public transport.

UGL Managing Director Doug Moss, said: “UGL is keeping Australia moving through our involvement in rail, tram and light rail operations in Sydney, Melbourne, Adelaide and Canberra.  We’re pleased to add Sydney bus operations to our portfolio and we’re looking forward to combining our local transport know-how with Go Ahead’s international expertise to provide a quality service for the people of South and South West Sydney.”

Go Ahead carries first passengers on major new Bavarian network

12 December 2022

Go Ahead carries first passengers on major new Bavarian network

  • Munich-based network expands Go-Ahead’s footprint in Germany
  • New destinations for Go-Ahead trains include Einstein’s birthplace and Legoland Germany
  • Go-Ahead Germany employs 1,000 people, runs a fleet of 144 trains and operates 20 million rail kilometres annually
  • International growth is at the core of Go-Ahead’s Next Billion Journeys strategy

Go-Ahead has begun operating trains on a major rail network in Bavaria linking Munich with regional towns and cities including Augsburg, Wurzburg and Aalen.

A 12-year contract began on Sunday on six lines previously operated by state-owned Deutsche Bahn. The first train, from Munich to Ulm and Donauwörth, left Munich at 00:06.

The mobilisation is Go-Ahead’s fifth German contract. It marks a significant expansion to Go-Ahead’s German rail business, which employs 1,000 people in Bavaria and Baden-Wurttemberg and comprises a fleet of 144 modern electric trains.

The new network serves 71 stations and will involve running 7.6 million train kilometres annually, bringing Go-Ahead’s total German network to 20 million train kilometres annually.

Among the destinations served under the new contract are Augsburg, world renowned for its medieval canals and water towers; Ulm, which was the birthplace of Albert Einstein; and Gunzburg, a popular family destination for Legoland Germany.

Go-Ahead’s fleet of 56 new Siemens trains have:

  • A top speed of 160 km/h
  • Fully accessible carriages, low floors and wheelchair friendly toilets
  • Flexible compartments with folding seats and spaces for pushchairs and luggage
  • Air conditioning, passenger information systems and charging sockets

Under the German system, Go-Ahead operates using tracks, stations and signals owned and maintained by Deutsche Bahn. Go-Ahead, in common with other third-party operators, pays access fees to Deutsche Bahn for use of the network.

Go-Ahead operates rail services in the UK, Germany and Norway. In its home market, the company is majority owner of Govia Thameslink Railway, which accounts for one in four UK passenger rail journeys.

Under a strategy published earlier this year, The Next Billion Journeys, Go-Ahead set out ambitious plans to grow its revenue by 30% to £4 billion through expansion and home and abroad, taking advantage of modal shift to public transport driven by climate change, digitalisation and urbanisation.

“”
This is an exciting day for Go-Ahead as it takes our rail network to new communities across southern Germany. It’s the culmination of years of work by our German team in getting trains, drivers and other colleagues in place. We’ll be working closely with Deutsche Bahn and the German authorities to deliver the best possible service to customers.

Christian Schreyer, Group Chief Executive, Go-Ahead Group

“”
We are delighted that we can offer modern and sustainable regional rail services with a brand new fleet. Today, I would like to thank my whole team – I’m proud of what they have achieved. We are all committed to, and strive for, a good and reliable quality of service

Fabian Amini, Managing Director of Go-Ahead Bayern

Go-Ahead expands in south-west England through acquisition of Dartline

14 November 2022

Go-Ahead expands in south-west England through acquisition of Dartline

  • Exeter-based bus and coach operator to join Go South West
  • Acquisition adds 118 employees and 84 buses
  • Complementary geographical fit alongside Plymouth Citybus, Go Devon Bus, and Go Cornwall Bus

The Go-Ahead Group has agreed to buy Dartline, a bus and coach operator based in Exeter, which will build on the group’s position as a leading local transport operator in Devon and Cornwall.

A well-established business with 30 years’ experience in the region, Dartline operates a fleet of 84 buses, coaches and special education needs taxis, and employs 118 people.

Dartline provides essential services for commuters, schools, day trippers local communities across East Devon. Its bus routes are a mixture of commercial routes and services operated under contract for Devon County Council.

Dartline’s coach division provides tours and private hire services. The company operates the team coach for Exeter Chiefs rugby union team.

Go-Ahead has grown rapidly in the West Country. From its origins as Plymouth Citybus, the group expanded into East Cornwall in 2014, and again in 2020 through an eight-year contract to deliver rural bus routes from Lands End to the Tamar for the county council, creating Go Cornwall Bus. The combined operation was given a new corporate identity as Go South West.

Following the acquisition of Dartline, Go South West, an Investors in People Platinum accredited company, will comprise of four customer facing brands operating 380 buses and coaches, employing a workforce of 900 people.

“”
We’ve been admirers of Dartline for a long time – it’s a family focused, well run bus company with a strong reputation and a competitive fleet. This acquisition will take us into wider Devon, and will mean that Go South West bus services stretch from the western tip of Cornwall to the Devon, Dorset and Somerset border.

Operating as a standalone business, we will maintain Dartline’s strong focus on delivering for local communities, and we will invest in growing and adding services in mid and east Devon.

Richard Stevens, Managing Director of Go South West

“”
I reached the grand age of 70 this year and decided its time to hand the reins to a progressive company like Go Ahead, the brand will continue as Dartline and all the staff will be maintained. Having started Dartline on 4th January 1987 with 8 Vehicles and building it to its size today I feel proud that it will continue under the new Management.

Dave Hounslow, Managing Director of Dartline

“”
We look forward to welcoming our new colleagues at Dartline into the group. This acquisition underlines Go-Ahead’s commitment to expand in the regional bus market in the UK, as set out in our group strategy, The Next Billion Journeys.

Christian Schreyer, Group Chief Executive, The Go-Ahead Group

David Cutts to become Managing Director of Go-Ahead London

22 September 2022

David Cutts to become Managing Director of Go-Ahead London

  • David Cutts, presently Operations Director, to become Managing Director in January
  • After 16 years in the role, John Trayner steps back from day-to-day operations
  • Go-Ahead London operates a quarter of London’s buses on behalf of Transport for London

The Go-Ahead Group announces that David Cutts is to become Managing Director of Go-Ahead London in the new year, replacing John Trayner who is retiring from day-to-day leadership of the capital’s biggest bus company.

David has been Operations Director of Go-Ahead London since 2006. He began his career as a London Buses management trainee prior to the bus network’s privatisation and he was Operations Manager of London Central’s Peckham depot when Go-Ahead bought the business in 1994. He has held senior positions for The Go-Ahead Group in Manchester and Singapore as well as in London.

He will take on the top job at Go-Ahead London on January 1st 2023, overseeing 7,750 colleagues, 2,300 buses and 17 depots, accounting for a quarter of London’s bus network.

John Trayner, who has been Go-Ahead London’s Managing Director for 16 years, will remain on The Go-Ahead Group’s Executive Committee with responsibility for strategic oversight of the group’s bus businesses in London, Ireland, Singapore and Sweden.

“”
David Cutts is an exceptional leader with huge experience of running successful bus networks. He takes on leadership of Go-Ahead London at an exciting time as the business pioneers zero-emission technology and works closely with Transport for London to encourage more Londoners onto public transport.

John Trayner has made a huge contribution to keeping Londoners moving over the last two decades. Under his tenure, Go-Ahead London has doubled in size and introduced electric buses and depots. He has been a champion of Londoners from diverse backgrounds through the company’s award-winning bus driver recruitment, training and apprenticeship programs.

Christian Schreyer, Group Chief Executive, The Go-Ahead Group

Vote for Newcastle! Go-Ahead backs bid to host Britain’s railway HQ

28 July 2022

Vote for Newcastle! Go-Ahead backs bid to host Britain’s railway HQ

The Go-Ahead Group plc is backing its home town by supporting Newcastle’s bid to host the headquarters of Great British Railways (GBR).

With a skilled workforce, a rich heritage in transport and great connectivity, Newcastle is the perfect location for the new body which will oversee Britain’s 20,000 miles of railway.

Go-Ahead, which employs more than 2,000 people locally and has its registered office in Newcastle city centre, is proud to support Newcastle City Council’s initiative to bring GB Railways to the north-east.

A competition to select the location for GB Railways’ head office was announced by the Secretary of State for Transport in 2021. Out of 42 expressions of interest, Newcastle was named in June as one of six shortlisted cities to be put to a public vote.

“”
As an international transport company originating from the north-east, Go-Ahead fully backs the Newcastle’s bid to host the headquarters of Great British Railways.

Newcastle is a vibrant city packed with innovation, excitement and ingenuity. It’s a great place to live, work and do business, and it’s full of transport talent and experience. We urge everybody to vote for Newcastle in this competition – and we look forward to welcoming Great British Railways to the city

Carolyn Ferguson, Go-Ahead’s Group Company Secretary who is based out of Go-Ahead’s office in Grey Street, Newcastle

Click here to watch our “back Newcastle” campaign video

GB Railways will be a single, accountable body responsible for Britain’s railways, as set out in the Williams-Shapps Plan for Rail published in May 2021. The Government wants this new organisation to be based outside London.

Newcastle City Council has proposed two sites for the headquarters – the Stephenson Quarter, where Robert Stephenson’s original locomotive works were established in 1823, or Forth Good Yards – location of the original passenger station when the railways came to Newcastle in 1839.

 

“”
I would like to thank Go Ahead Group for their support with the Newcastle bid. We’re a region that knows the importance of collaboration and this is yet another great example. Our partners and stakeholders are passionate about the future of our city, its growth, and the opportunities investments like this can bring.

This investment creates a visible and meaningful commitment to Levelling Up and would provide a further boost to our regional economy, delivering new jobs and opportunities for those who live and work here. It will also be a catalyst for further investment and opportunity, creating a new chapter and legacy in our railway history. The pride and ambition from partners like Go-Ahead Group, who are so committed to ensuring our city is full of opportunity, is invaluable.

Sam Cassidy, Inward Investment Manager, Newcastle Gateshead Initiative

The Newcastle city region is home to 2.6 million people and 70,000 businesses. Nine million people pass through Newcastle central station annually, and the city is well connected, with 80 direct destinations from Newcastle airport. The average journey to work for people in Newcastle is 7.8 miles – the lowest in England.

One of the largest transport companies based in the region, Go-Ahead was founded in 1987 through a buy-out of a Gateshead bus company. The Group now operates bus and rail in six countries – including Govia Thameslink Railway in the UK, which runs Thameslink, Southern, Great Northern and Gatwick Express services. In the Newcastle area, Go-Ahead runs buses under the Go North East brand.

You can back the bid and vote for Newcastle to become the home of Great British Railways, voting closes on 15 August: http://www.gbrtt.co.uk/hq-competition-public-vote

The final decision will be announced later this year by the Secretary of State for Transport.

Trading update for the year ended 2nd July 2022

11 July 2022

Trading update for the year ended 2nd July 2022

Go-Ahead today provides a trading update for the year ended 2 July 2022 (FY22).

“”
Passenger numbers on public transport have continued to recover from the pandemic and in certain parts of the UK, such as Manchester, our buses are as busy as they were before COVID-19. We are encouraged to see so many people using buses and trains and we expect a busy summer ahead, particularly in tourist areas.

Christian Schreyer, Group Chief Executive, The Go-Ahead Group

Our markets

Regional Bus

In our Regional Bus division, we have continued to see a steady recovery in passenger demand, with commercial volumes across the business now over 85 per cent of pre-pandemic levels. In some areas, we have seen particularly encouraging volumes in recent weeks, with pre-pandemic volumes being recorded on some days. These trends give us confidence in the continuation of passenger recovery in the coming months.

The Board now expects Regional Bus to deliver operating profit before exceptional items ahead of that of the prior two years.

London & International Bus

Our London & International Bus division will benefit from performance that is ahead of plan in London and Singapore, including better than anticipated Quality Incentive Contract (QICs) payments in London In Sweden, Flexbuss, which we acquired in April 2022, is trading positively and in line with our expectations.

The Board now expects the division to deliver operating profit before exceptional items at least in line with pre-pandemic underlying profitability levels (2019: £51.2m).

UK Rail

Following the successful commencement of GTR’s new National Rail Contract on 1 April 2022, the Board expects UK Rail to deliver operating profit before exceptional items within the range set out in the Group’s interim results of £25m – £30m.

International Rail

In Germany, we continue to progress our improvement plans in Baden-Württemberg, although financial penalties relating to operational performance have been slightly higher than anticipated in the period. Following discussions with our client in Baden-Württemberg, we are pleased to have reached a memorandum of understanding which will result in a modest improvement to the financial performance of the contract over its life. Further negotiations remain underway.

The first of two contracts in Bavaria started on 12 December 2021 and the second will commence in December 2022. Following the successful mobilisation of the first contract, performance has been in line with our expectations.

Mobilisation of the second contract in Bavaria remains underway ahead of its commencement in December 2022. As previously indicated, there are inherent uncertainties and risks associated with the mobilisation of this contract and in estimating the impact of key success factors including driver recruitment. As part of our year end procedures, we will be carefully reviewing the projections for the second contract in Bavaria and assessing the requirement for any potential further provision.

As announced on 28 June 2022, a new agreement was reached between the Norwegian Railway Directorate and Go-Ahead Norway A/S, regarding the structure of its rail contract. Under the original contract, which began in December 2019, the revenue risk associated with changes in passenger demand rested with Go-Ahead. During the COVID-19 pandemic, the Norwegian Government provided financial support to rail operators, preventing material losses.

The amended contract takes effect from 1 July 2022 and runs for the duration of the original contract, until December 2027 (plus a two-year extension option until December 2029). The contract provides a revenue support scheme until the end of the contract. The amended contract also includes an incentive scheme linked to revenue growth. As a result of these improved contractual arrangements, the Group expects to significantly reduce the £66.2m onerous contract provision relating to its rail operation in Norway in its full year results for the year ending 2 July 2022.

The Board expects International Rail to deliver an operating loss before exceptional items within the range set out in the Group’s interim results of £15m – £20m.

Balance sheet and liquidity

The Group has a strong balance sheet and maintains good liquidity. The Board continues to expect FY22 adjusted net debt/EBITDA to be at the lower end of the 1.5 to 2.5 times range, significantly below the 3.5 times bank covenant.

Overall performance

Overall, the Group expects to report a good performance for the year ended 2 July 2022.

Certain statements in this announcement constitute profit estimates for the purposes of Rule 28 of the City Code on Takeovers and Mergers. Further details on the basis of preparation of the profit estimates and certain confirmations from the directors of Go-Ahead in relation to the profit estimates can be found in the scheme document published by Go-Ahead dated 11 July 2022 which is available at https://www.go-ahead.com/investors/offer.

Go-Ahead agrees revised rail contract in Norway

28 June 2022

Go-Ahead agrees revised rail contract in Norway

The Go-Ahead Group is pleased to announce that, following discussions over a number of months, a new agreement has been reached between the Norwegian Railway Directorate and Go-Ahead Norway A/S, regarding the structure of its rail contract.

Under the original contract, which began in December 2019, the revenue risk associated with changes in passenger demand rested with Go-Ahead. During the COVID-19 pandemic, the Norwegian Government provided financial support to rail operators, preventing material losses.

The amended contract takes effect from 1 July 2022 and runs for the duration of the original contract, until December 2027 (plus a two-year extension option until December 2029).

The contract provides a revenue support scheme until the end of the contract. The amended contract also includes an incentive scheme linked to revenue growth.

As a result of these improved contractual arrangements, the Group expects to significantly reduce the £66.2m onerous contract provision relating to its rail operation in Norway in its full year results for the year ending 2 July 2022.

“”
We’re pleased to have reached an agreement with the Norwegian Government which puts our rail contract onto a satisfactory footing.

We’re proud of our colleagues at Go-Ahead Nordic who deliver an outstanding service and who have achieved the best customer satisfaction ratings on Norway’s railway network

Christian Schreyer, Group Chief Executive, The Go-Ahead Group