StockMarketWire.com - Serco Group said it had signed a two-year £140m contract extension with authorities in Dubai to continue operating and maintaining its metro train line until September 2021.

The contract extension with the the Roads and Transport Authority included the operation and maintenance of the Red Line expansion, which was currently under construction

It also included a test-run of the expanded service ,which was expected to start in February 2020, in readiness for full operation ahead of Expo 2020.

The total value of the fixed-base fee for the contract extension was around AED680m (£140m).

Serco first began operating and maintaining the initial ten stations on the Red Line from the official opening of the Dubai Metro in 2009.

Expansion of the Metro has seen the Red Line grow to 29 stations, while the Green Line, opened in 2011, added an additional 20 stations.

The Red Line expansion for Expo 2020 added 15 kilometres and connected seven stations.



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