Deals Counterparts

Luas Operations and Maintenance contract awarded to Keolis and Amey

Contract Transport announced Dublin, Ireland Feb 26, 2026
EUR1.8B
Deal Value
operating
Stage
Luas Operations and Maintenance
Project

Transdev loses the Dublin Luas Operations and Maintenance contract to Keolis and Amey after 22 years. The contract is worth an estimated €1.75 billion.

Deal Analysis

The award of the Dublin Luas Operations and Maintenance contract to Keolis and Amey marks a significant shift in the Irish transport sector. After 22 years, Transdev loses its position as the operator of the Luas tram system, with the estimated €1.75 billion contract now transferring to a joint venture. This change indicates a potential strategic realignment within Transport Infrastructure Ireland (TII) and the National Transport Authority (NTA) regarding their operational partnerships and priorities for the Luas network. The entry of Keolis and Amey suggests a desire for potentially new approaches to service delivery and infrastructure management within the existing framework. The deal is notable for its substantial value and the involvement of key players in the transport industry. The loss of the contract by Transdev, a major public transport operator, underscores the competitive nature of the market. The partnership between Keolis and Amey, both established infrastructure and transport service providers, signals a combined expertise being brought to bear on the Luas operations. This contract award could influence future bidding strategies and partnership formations within the Irish transport infrastructure market, potentially leading to further consolidation or diversification of service providers.
  • €1.75 billion contract value
  • Transdev loses the contract after 22 years
  • Keolis and Amey form a joint venture to operate the Luas
  • Involves key players: Transport Infrastructure Ireland and National Transport Authority
Market Context: The deal occurs within the context of the Irish transport sector, specifically the operation and maintenance of light rail systems. This sector is characterized by long-term contracts, significant capital investment, and a focus on service reliability and efficiency.

Source Intelligence

KEY DETAILS

The transfer of the contract will take place in September. Quote: Transport Sector Organiser for SIPTU John Murphy told RTÉ News that the transfer of the contract will take place in September. There is now a two week cooling off period for unsuccessful bidders to appeal. Quote: There is now a two week cooling off period for unsuccessful bidders to appeal. In 2024, Luas recorded 54 million passenger journeys. Quote: In 2024, Luas recorded 54 million passenger journeys, reflecting a strong and sustained recovery in use after the Covid pandemic.

Deal Size
The contract is worth an estimated €1.75 billion.
Location
Transdev loses Dublin Luas contract after 22 years
Announcement
Updated / Thursday, 26 Feb 2026 15:30
PARTIES MENTIONED IN SOURCE
T
Transdev seller

"Transdev, which operates the Dublin Luas, has lost the contract to run the service after operating it for the last 22 years."

K
Keolis buyer

"Keolis, a large French multinational, is the preferred bidder following the tender process, Mr Murphy said, adding that there were three in the running including Transdev."

A
Amey buyer

"Transport operator Keolis is working in conjunction with British firm Amey, a maintenance contractor company."

T
Transport Infrastructure Ireland

"Transdev Dublin Light Rail has not been selected by Transport Infrastructure Ireland and the National Transport Authority for the next Luas Operations and Maintenance contract"

N
National Transport Authority

"Transdev Dublin Light Rail has not been selected by Transport Infrastructure Ireland and the National Transport Authority for the next Luas Operations and Maintenance contract"

high quality Enriched Feb 27, 2026

Timeline

Announced
Feb 26, 2026
Signed
Closed

Market Context

This deal is part of the Transport sector in Ireland.
122
Transport deals
30
deals in Ireland
1 of 122 Transport deals tracked this month · Updated daily

Stay informed

Weekly infrastructure deal intelligence — PPAs, acquisitions, data centers, and more.

Subscribe to Newsletter