AGL 40.05 Decreased By ▼ -0.11 (-0.27%)
AIRLINK 129.74 Decreased By ▼ -1.99 (-1.51%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.62 Increased By ▲ 0.15 (3.36%)
DCL 8.85 Increased By ▲ 0.03 (0.34%)
DFML 41.91 Increased By ▲ 1.30 (3.2%)
DGKC 83.97 Decreased By ▼ -0.11 (-0.13%)
FCCL 32.70 Increased By ▲ 0.36 (1.11%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.50 Increased By ▲ 0.15 (1.32%)
HUBC 110.50 Decreased By ▼ -1.26 (-1.13%)
HUMNL 14.65 Increased By ▲ 0.34 (2.38%)
KEL 5.40 Increased By ▲ 0.18 (3.45%)
KOSM 8.41 Decreased By ▼ -0.57 (-6.35%)
MLCF 39.89 Increased By ▲ 0.46 (1.17%)
NBP 60.45 Increased By ▲ 0.16 (0.27%)
OGDC 198.45 Increased By ▲ 3.51 (1.8%)
PAEL 26.63 Decreased By ▼ -0.06 (-0.22%)
PIBTL 7.71 Increased By ▲ 0.23 (3.07%)
PPL 158.00 Increased By ▲ 2.23 (1.43%)
PRL 26.69 Increased By ▲ 0.01 (0.04%)
PTC 18.40 Increased By ▲ 0.10 (0.55%)
SEARL 82.19 Decreased By ▼ -0.83 (-1%)
TELE 8.34 Increased By ▲ 0.11 (1.34%)
TOMCL 34.45 Decreased By ▼ -0.10 (-0.29%)
TPLP 9.14 Increased By ▲ 0.33 (3.75%)
TREET 17.32 Increased By ▲ 0.62 (3.71%)
TRG 61.30 Decreased By ▼ -1.15 (-1.84%)
UNITY 27.35 Decreased By ▼ -0.09 (-0.33%)
WTL 1.37 Increased By ▲ 0.09 (7.03%)
BR100 10,400 Increased By 213 (2.09%)
BR30 31,653 Increased By 316.8 (1.01%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

LONDON: The export contract was modest, but its symbolism -- 90 of Britain's famous red double-decker buses -- prompted the government Wednesday to declare the country had a bright post-Brexit future.

The buses will head to Mexico City, under a contract worth £44 million (48 million euros, $56 million).

Prime Minister Theresa May said the deal reflected "exciting new opportunities ahead".

"We are building a truly global Britain by helping UK companies win multi-million pound contracts to export their products across the globe," May said, as she inspected one of the buses at a factory in Guildford, a town southwest of London.

The red buses, famously associated with London streets, are produced by Alexander Dennis Limited at factories in Scotland and Guildford.

The government said that the low-emission vehicles would "reduce congestion and pollution" on the Paseo de la Reforma, one of Mexico City's main avenues.

Alexander Dennis said it already sells the double-deckers to Canada, Hong Kong, Malaysia, New Zealand, Singapore, Switzerland and the United States.

A company spokeswoman said the Mexico City contract was awarded in 2015 but the buses were only being delivered this year as they had to be adapted for the city's high altitude.

The Mexican capital is at an altitude of 2,240 metres (7,350 feet) compared to an average of just 35 metres for London.

The buses are expected to begin transporting passengers in Mexico City by the end of the year.

May has emphasised the commercial advantages for Britain of being able to strike its own free-trade agreements with third countries once the country leaves the European Union in 2019 as expected.

"UK firms such as Alexander Dennis are taking advantage of the opportunities in fast growing markets like Mexico," International Trade Secretary Liam Fox said in a statement.

 

Copyright AFP (Agence France-Press), 2017
 

 

 

Comments

Comments are closed.