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Council approves bailout for Cardiff Bus

Buses

02 November 2020
 

Cardiff council says “difficult actions” will have to be taken by municipally-owned Cardiff Bus after councillors agreed a financial rescue package for the troubled company.

Cardiff Council will take over the company’s pension liabilities and release £7m to the company for capital investment this year.

Christopher Lee, Cardiff’s corporate director of resources, told councillors the rescue package provided a “solid base” on which the company and...

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