Friday 3 April 2020
SeaLink Travel Group Limited (ASX:SLK) (“SeaLink”) notes that in its presentation regarding the proposed acquisition of the Transit Systems Group on 8 October 2019, SeaLink stated that the Transit Systems Group was well placed to negotiate an extension for the Canning and Southern River bus contracts in Western Australia, due to expire in April 2020.
SeaLink advises that today the Western Australian Government Public Transport Authority and the relevant SeaLink subsidiary companies have agreed a simple extension of the term of the bus services contracts for the Canning and Southern River areas, for a further four years and five months, from mid- April 2020 to September 2024.
Authorised for release by Clint Feuerherdt, Group Chief Executive Officer
For further information, please contact:
Group Chief Executive Officer
+61 8 8202 8659
Chief Financial Officer
+61 8 8202 8693
SeaLink Travel Group is Australia’s largest integrated land and marine, tourism and public transport service provider with established international operations.
Carrying more than 360 million passengers a year in different locations around the world, the Group has over 8,700 employees and operates approximately 3,400 buses and 80 ferries with established domestic and international operations across Australia, as well as Singapore and London.
In January 2020, SeaLink Travel Group acquired the Transit Systems Group, which operates state government owned metropolitan bus services in Perth (Swan Transit), Adelaide (Torrens Transit), Sydney (Transit Systems NSW), Victoria (Sita Group) and Darwin (Territory Transit). Internationally, the Transit Systems Group also operates urban bus services in London (Tower Transit), and in Singapore (Tower Transit Singapore).