Go-Ahead Group (LON:GOG) has won its first contract in Australia after sealing a deal with Sydney for Transport to modernise the city's rail infrastructure.
The bus and rail group will, in partnership with Network Rail Consulting, replace existing signalling and train control systems with “modern, internationally-proven intelligent technology” that gets more trains on the tracks and increases the frequency of services for passengers of Sydney Trains.
This deal is Go Ahead’s tenth international contract - a figure that has doubled over the last year. As well as its UK rail and bus operations, Go-Ahead currently operates in Ireland and Singapore and has won contracts in Norway and Germany.
“This is a project which will utilise Go-Ahead's skills in preparing for future transport needs and it is pleasing to see that there is international demand for UK expertise in implementing rail technology,” Go-Ahead’s CEO David Brown said in a statement.
“Having been involved in the UK's Digital Rail programme, Go-Ahead recognises the opportunities that digitisation brings in transforming rail operations for the 21st century. We look forward to using our experience to help enable TfNSW and Sydney Trains to implement this technology within their operations,” he added.
Go-Ahead shares were 0.7% down at 1,600.0p in early afternoon trade.