Kelsian Group (ASX:KLS) said its unit Tower Transit Singapore was awarded a new contract with Sentosa Development for an initial five-year term to operate three guest bus services, five bus services for SDC employees, and the Sentosa beach shuttle on the island of Sentosa in Singapore, according to a Friday Australian bourse filing.
Bus and maintenance services are expected to start on Oct. 1, and the Sentosa Beach shuttle services on Jan. 1, 2026. Sentosa Development has an option to extend the contract for a further five years on expiry of the initial term.
Tower Transit Singapore will maintain over 40 vehicles on behalf of Sentosa Development, including 14 electric buses and 10 electric trams. The fleet, as well as the maintenance and garaging facilities, are owned and provided by Sentosa Development.
The new contract, excluding the beach shuttle services, secures total revenue over the five-year contract term of approximately AU$27 million, the filing added.
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