AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

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.