BUSES' PURCHASE PROSPECTS * UK - £70m pledge to boost buses

Stagecoach pledged to spend £70m on 400 new buses in Greater Manchester

Manchester,England,UK -The Manchester Evening News, by David Ottewell -13 Sept 2007: -- ... if the region's bid for £3bn of public transport cash is successful... Brian Souter, co-founder of the £1.5bn-a-year transport company, was in Manchester to announce an initial investment of £15m on a fleet of 100 new low-emission buses... Those new vehicles will go into service on key routes to and from the city centre over the next six months... But Mr Souter said his company were prepared to go much further if Greater Manchester's bid to the government's Transport Innovation Fund (TIF) was successful...(Picture, by MEN: Stagecoach co-founder Brian Souter)