AGL 40.00 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 129.99 Increased By ▲ 2.99 (2.35%)
BOP 6.80 Increased By ▲ 0.11 (1.64%)
CNERGY 4.71 Increased By ▲ 0.20 (4.43%)
DCL 8.69 Increased By ▲ 0.05 (0.58%)
DFML 41.00 Decreased By ▼ -0.04 (-0.1%)
DGKC 85.22 Decreased By ▼ -0.39 (-0.46%)
FCCL 33.04 Decreased By ▼ -0.07 (-0.21%)
FFBL 66.70 Increased By ▲ 0.60 (0.91%)
FFL 11.48 Decreased By ▼ -0.07 (-0.61%)
HUBC 110.70 Decreased By ▼ -0.41 (-0.37%)
HUMNL 14.70 Decreased By ▼ -0.12 (-0.81%)
KEL 5.17 No Change ▼ 0.00 (0%)
KOSM 8.13 Increased By ▲ 0.47 (6.14%)
MLCF 40.10 Decreased By ▼ -0.11 (-0.27%)
NBP 61.00 Increased By ▲ 0.49 (0.81%)
OGDC 194.70 Increased By ▲ 0.60 (0.31%)
PAEL 26.83 Increased By ▲ 0.11 (0.41%)
PIBTL 7.50 Increased By ▲ 0.13 (1.76%)
PPL 156.00 Increased By ▲ 2.21 (1.44%)
PRL 27.69 Increased By ▲ 1.48 (5.65%)
PTC 18.50 Increased By ▲ 1.32 (7.68%)
SEARL 85.40 Decreased By ▼ -0.20 (-0.23%)
TELE 7.82 Increased By ▲ 0.25 (3.3%)
TOMCL 34.25 Decreased By ▼ -0.14 (-0.41%)
TPLP 9.24 Increased By ▲ 0.42 (4.76%)
TREET 16.91 Increased By ▲ 0.09 (0.54%)
TRG 63.01 Increased By ▲ 0.46 (0.74%)
UNITY 27.80 Increased By ▲ 0.51 (1.87%)
WTL 1.31 Increased By ▲ 0.01 (0.77%)
BR100 10,183 Increased By 71.3 (0.71%)
BR30 31,394 Increased By 206.5 (0.66%)
KSE100 95,890 Increased By 894.4 (0.94%)
KSE30 29,712 Increased By 231.2 (0.78%)

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.