News and Announcements
AEIT finalises Joint Venture negotiations
- Published November 14, 2013 5:19PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
AEIT this week has finalised negotiations with a Brisbane based Bus Operator to establish a Joint Venture Subsidiary Company where AEIT will hold 75% equity share.
The JV Company will become the Public Transport Operating Arm where it will be able to:
- Tender to provide (Zero Emission) Public Transport Bus/Tram Services
- Provide end to end (Supply, Install, Operate) Public Transport solution for clients (e.g. Airports) looking to implement ZERO Emission transport.
- Manage Maintenance Contract for OLEV Vehicles
JV Partner is an experience public transport operator and their contribution in the new company would assist AEIT to further its commercialisation strategy by having the ability to provide end to end solution to local councils and State Governments to reduce their Green House Gas Emissions and meet their emission targets by 2020.
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