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Company's franchise marks new era

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New World First Bus (NWFB), the SAR's newest bus operator, has five job openings as the company prepares to begin service on September 1.

In March, the company successfully bid for a five-year franchise, securing the operating rights to 88 public bus routes currently operated by China Motor Bus (CMB).

NWFB has pledged to invest $2 billion to purchase 500 new buses and to retain CMB's 2,300 employees, as well as build a new depot in Chai Wan and replace bus shelters within two years. It has also promised to freeze existing fares for a year.

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The company was set up in March as a joint venture between New World Services and British bus operator FirstGroup.

New World Services, a subsidiary of property giant New World Development, holds a 74 per cent share in the venture.

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Kwan Chuk-fai, NWFB assistant general manager of corporate communications, said the awarding of the franchise marked a new era in public transport.

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