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NFI Unit Says Working With Volvo Buses to Build 60 New Tri-axle Double-Deckers for Lothian Buses

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NFI Group (NFI.TO) unit Alexander Dennis Monday said it is working with Volvo Buses to build 60 new tri-axle double-deckers for Scottish bus operator Lothian Buses.

The operator has placed a firm order with Volvo Buses for 60 new low-emission double-deck buses based on the efficient B8L chassis, which Alexander Dennis will body with its Enviro400XLB design, it said. The majority of the new Enviro400XLB will be used to meet rising demand in the East Coast Buses and Lothian Country operations, which connect East and West Lothian to the Scottish capital, it added.

The Airlink 100 service between Edinburgh Airport and the city center will also benefit from the fleet investment, said the company. Lothian Buses also plans to order 40 zero-emission double-deckers from the two manufacturers, with Alexander Dennis placing its next-generation Enviro400EV body on the Volvo BZL electric chassis.

Procurement of these vehicles, it said, is subject to confirmation of grant funding allocation to Lothian Buses from the Scottish Government's third-round Scottish Zero-Emission Bus Challenge Fund (ScotZEB3).

Shares of the company closed up 1.6% to $23.2 on Friday on the Toronto Stock Exchange.

Price: $23.57, Change: $+0.37, Percent Change: +1.59%

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