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Loan finance for Blackpool buses

15 September 2017
 

Blackpool Council is to loan municipal bus operator Blackpool Transport Services Ltd up to £16.2m to replace 72 life-expired vehicles. The vehicles will be purchased in five tranches between October this year and March 2020, and each loan will last ten years. The council says many of the operator’s 138 vehicles look “tired, old fashioned and [are] a deterrence to travelling by public transport”. ...

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