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Downer EDI Announces Keolis Downer Awarded Yarra Trams Franchise Extension

12 Sep 2017  |  13:09:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Keolis Downer awarded Yarra Trams franchise extension

Downer EDI announced on 12 September 2017 that Keolis Downer had been awarded a seven year contract to operate the Yarra Trams franchise on behalf of the Victorian Government. The new franchise will commence on 30 November 2017. As part of the new franchise, Keolis Downer will also be undertaking a tram refurbishment program, which will revitalise more than 85% of the Yarra Trams fleet over the next five years. Keolis Downer is the largest light rail operator in Australia. It also operates and maintains G:Link on the Gold Coast and Newcastle's integrated transport system. Keolis Downer is also one of Australia's most significant bus operators with operations in WA, NSW, South Australian and Queensland.

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