Public Transport Minister, Roger Freeman, has announced Government approval to the sale of Leicester CityBus Ltd, t...
Public Transport Minister, Roger Freeman, has announced Government approval to the sale of Leicester CityBus Ltd, the bus company owned by the Leicester City Council to GRT Holdings plc. Leicester CityBus has a 217 vehicle fleet, which operates in and around the Leicester area. It was sold by competitive tender to GRT Holdings plc who operate buses in the Aberdeen and Falkirk areas. GRT Holdings also recently purchased Northampton Transport Ltd from Northampton Borough Council.
Change of ownership takes place under the terms of the Transport Act 1985, which allows authorities to sell their Public Transport Companies with the consent of the Secretary of State. Mr Freeman said: 'I believe that this sale will help continue the successful and efficient operation of bus services in Leicester. I am also pleased that the sale was successfully conducted by competitive tender, thus ensuring a good price for Leicester local taxpayers. I wish every one in the company all success in the private sector.'
Leicester Citybus Ltd was set up as a Public Transport Company under the Transport Act 1985. 93.6% of the shares were owned by the Leicester City Council (the other shares are owned by Trent Motor Traction).
Leicester CityBus is the nineteenth Public Transport Company to be sold. In order, the others were Portsmouth City Transport, Taff-Ely Transport, Yorkshire Rider, Grampian Regional Transport, Inter-Valley Link, Tyne & Wear Busways, Derby City Transport, Chesterfield Transport, Cleveland Transit, Tayside Public Transport, Lincoln City Transport, West Midlands Travel, Merseybus, Strathclyde Buses, Preston Borough Transport, Southend Transport, Hartlepool Transport and Northampton Transport. There are 29 bus companies still in local authority ownership.