With options, the deal is valued at approximately US$254 million
WINNIPEG—Bus builder New Flyer Industries Inc. says it has been awarded a contract by the Massachusetts Bay Transport Authority valued at US$223 million, with options that could raise the total value of the deal to US$477 million.
The Winnipeg-based company says that under the contract, it will provided up to 725, 40-foot Xcelsior heavy-duty transit buses.
The contract, approved by the Massachusetts Department of Transportation board of directors in Boston, includes a firm order for 175 compressed natural gas buses and 150 diesel-electric hybrid buses.
Options call for up to an additional 200 clean diesel buses and 200 diesel-electric hybrid buses over the next five years.
The firm portion of the contract is valued at approximately US$223 million with the options valued at approximately US$254 million, New Flyer said.