IE Business Daily Business news for the Inland Empire.
A Riverside company will manufacture transit buses for the Los Angeles County Metropolitan Transportation Authority.
ElDorado National-California will make 295 40-foot transit buses for the authority, which provides light rail, heavy rail, and bus rapid transit services throughout Los Angeles County, according to a statement released Thursday.
The contract is expected to generate more than $400 million in revenue for ElDorado National and its parent company, REV Group Inc. in Milwaukee. A timeline for when the buses will be built and delivered was not released.
The agreement includes a provision under which ElDorado National will make anywhere from 305 to 600 more buses for the transportation authority during a five-year period, according to the statement.
“We are very pleased and excited about this award and the opportunity to provide Los Angeles County Metropolitan Transportation Authority with the best buses for the value,” Tony Wayne, president of ElDorado National-California said in the statement.
“[ElDorado National] won the bid based on addressing all of the contract requirements and delivering the best overall value.”
Company officials declined further comment.
ElDorado National designs and manufactures medium and heavy-duty buses. Its clients include public transit, paratransit, airports and university transportation systems, according to the company’s website.
