Continued operation of Unibuss secured – the reconstruction of the corporate has been accepted

– I’m pleased that the events have agreed on a approach ahead. You will need to present residents with a steady and good bus service going ahead, says Marit Vea (V), metropolis councilor for the surroundings and transport, in a press launch.

Since 13 Might, Unibuss has been in a reconstruction course of to resolve the corporate’s monetary challenges. On Friday, the settlement on reconstruction was signed between Unibuss and the collectors Sporveien, Ruter and Danske Financial institution.

On 5 June this yr, Unibuss terminated the contracts in Ruter’s western area and one minibus contract in Follo. Based on Ruter, that is a part of the reconstruction settlement that has now been signed, and they’re now within the strategy of receiving presents from different operators for these contracts.

Interior metropolis and Oslo east

– Our most necessary focus all through this course of has been to make sure that the general public transport service runs as regular. We’re properly underway with the pressing acquisitions, and these will safe the bus service for the travellers, says managing director Bernt Reitan Jenssen in Ruter.

The settlement signifies that Unibus will maintain the contracts they entered into in 2023 for Indre by and Oslo East. The corporate will thus proceed to be the operator for quite a few central traces in Oslo.

– It is extremely optimistic that the events have now reached an settlement which signifies that public transport will run as regular, and that this demanding scenario won’t have an effect on the travellers. You will need to give residents a steady and good bus service going ahead, says Vea.

– Good answer

The county council for transport in Akershus county additionally breathes a sigh of reduction that the bus may also run when it’s purported to sooner or later.

– Crucial factor for the county council has all the time been to make sure that the vacationers can nonetheless belief that the bus runs when it’s purported to. Now it appears that evidently now we have discovered a very good answer for the vacationers in Bærum and Follo, says Håkon Snortheim (H), county councilor for transport in Akershus county municipality.

Unibuss is Oslo’s largest bus operator and wholly owned by the municipality. In current months, work has been finished to keep away from chapter and bus collapse.

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On Monday 13 Might, the corporate filed for reconstruction negotiations within the Oslo district courtroom in an try and keep away from chapter and a bus disaster within the capital. The corporate then had unpaid payments of 100 million and fines from companion Ruter after a troubled winter.

If Unibuss had gone bankrupt, round 70 per cent of the buses in Oslo would have stopped instantly.

Massive deficit

On the identical time, the guardian firm Sporveien’s annual outcome for 2023 reveals that the deficit in Unibuss is NOK 439 million, greater than 4 instances as excessive as beforehand assumed. The deficit has main penalties for the Unibus proprietor, writes Our Oslo.

With a purpose to keep away from chapter in Unibus, Sporveien should withdraw its fairness with a view to save the subsidiary. Based on the newspaper, NOK 300 million of the debt to Unibuss can be transformed into fairness. On the identical time, NOK 125 million is injected in further, new fairness capital.

The winter’s bus chaos within the capital space with cancellations and heavy delays shouldn’t be included within the 2023 accounts.

– Unibuss is in a really demanding monetary scenario. It’s subsequently gratifying that, in the present day, now we have secured the continued operation of Unibuss by signing the reconstruction settlement with the corporate’s largest collectors, says CEO Birte Sjule in Sporveien. She can also be chairman of Unibuss.

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2024-06-30 17:46:24

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