Transdev Auckland doubles profit, eyes KiwiRail's Wellington contract

Thu, 19 Jun 2014

By Tina Morrison June 20 (BusinessDesk) - Transdev Auckland, a unit of the French transportation company that runs commuter rail in New Zealand's largest city, more than doubled profit last year and is now preparing to challenge KiwiRail when its contract for Wellington expires in 2016. Transdev has partnered with South Korean-based Hyundai Rotem, the supplier of Wellington's new electric Matangi trains, to bid for the contract to operate and maintain the city's fleet. The companies are already partners in Line 9 in Seoul, the only privat...

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