The Environment Department of the States of Guernsey and HCT Group are pleased to announce that an agreement in principle has been reached concerning the main terms of the island's bus service contract, including the contract price. It only remains for the agreed document to be reviewed by contract lawyers. A further statement on this matter will be released soon.

HCT Group has been undertaking a considerable amount of preparatory activity to ensure that it will be ready to commence operating Guernsey's buses on 1 April.

Dai Powell, Chief Executive Officer of HCT Group, said; "We are very pleased with the way discussions are progressing and we have enjoyed developing our relationship with the Guernsey Environment Department". Steve Smith, Chief Officer of Guernsey's Environment Department, said; "The team from HCT Group have been a pleasure to deal with so far and our discussions with them have been very constructive. We look forward to matters reaching a conclusion soon."

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