"Manchester tram operations
Stagecoach Group plc ("Stagecoach") yesterday completed the sale of its subsidiary, Stagecoach Metrolink Limited ("SML"), to Ratp Dev UK Limited, a wholly owned subsidiary of Ratp Développement.
SML operates and maintains the Manchester Metrolink tram network under a ten-year contract with Transport for Greater Manchester (formerly, Greater Manchester Passenger Transport Executive) through to July 2017. The gross assets of SML as at 30 April 2011 were £16.2m.
The sale relates only to SML. The sale does not include the Group's Sheffield tram operations, and the Group is not engaged in any discussions regarding a sale of the Sheffield tram operations."
Nigel Walker sent me these pictures of construction work.
|Shot of Metrolink extension to Oldham as it passes Newton Heath Waste Transfer Station|
|Manchester Route 24 as it turns from Oldham Road on to Thorp Road before going over the Metrolink extension to Oldham.|