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METRO's latest Biz Briefs roundup includes a rebrand, Transdev, and more.
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The contract encompasses the operation of DART's paratransit, microtransit, and rider assistance programs.
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The contractor named a new CEO and promoted its previous CEO.
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The operations contract, previously a management contract, has been awarded for an initial term of five years, with the option for renewal for up to two additional years.
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In this position, she leads the executive committee and supports CEO David Scorey as Keolis continues to grow and serve its partners, passengers, and employees.
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Based out of the Boston headquarters reporting to the North America CEO and sitting on the Executive Committee, he brings knowledge of both the industry and Keolis’ multimodal operations to the organization.
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CapMetro will represent Keolis’ largest bus contract in the U.S. and build upon significant contract growth in the last year.
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The city of Burlingame is also contributing $200,000 toward this phase of the project.
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The new agreement is worth almost $1.3 billion over its entire duration, until 2030.
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The contract to provide Contracted Urban Bus (CUB) service will run from 2024 to 2029 and restricts expenses during those five years to $151.2 million.
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