Together, the contracts make up a significant part of Sydney’s public transport network, covering the city’s northern and north-west suburbs and the northern beaches. These regions are home to over 700 buses, which transport 18 million passengers every year.
With a total investment of $1.17 billion to-date, Australia is now the group’s single largest overseas investment destination with a fleet of over 2,600 buses. It is one of the largest public scheduled bus operators in Australia, and also provides non-scheduled bus services, such as school and corporate charters. In the last FY2021 ended December 2021, the Australian businesses chalked up a revenue of $701 million.
CDG’s group deputy CEO Cheng Siak Kian says: “We have been operating in Australia for 17 years now and have strived to improve out service offerings and delivery y-o-y. Australia is, and continues to be, a significant part of our business and we will continue to look at opportunities to expand even further.”
Shares in CDG last traded at $1.32 on Nov 4.
