Saudi SAPTCO signs transport contract with the government on Nov 20

Saudi Public Transport Co.’s (SAPTCO) joint venture, Saudi Emirates integrated school transport, will sign a contract with the Saudi government on Nov 20, 2014 to operate and maintain public school buses in Riyadh, the Saudi capital, SAPTCO said in a statement to the Saudi Stock Exchange, Tadawul.

SAPTCO , whose major shareholder is the finance ministry’s Public Investment Fund (PIF), operates buses across the kingdom.

A consortium of SAPTCO and France-based Regie Autonome des Transports Parisiens (RATP) won in February a SAR 7.8 billion contract to supply, operate and maintain public bus network in the Saudi capital, Riyadh, according to Argaam.