08:11 AM EST, 01/21/2025 (MT Newswires) -- NFI Group ( NFYEF ) said Monday that its subsidiary Motor Coach Industries secured a five-year contract from Metrolinx, an agency of the Ontario government that serves the Greater Toronto and Hamilton Area.

The Metrolinx award includes an initial firm order for 80 45-foot D45 CRT diesel commuter coaches along with a number of options that were added to NFI's backlog for the fourth quarter of 2024.

The contract also includes milestone billing payment structure to support working capital investments, NFI said.

"We are honored to be chosen to support Metrolinx in its mission to enhance regional transit," said Chris Stoddart, president, of NFI's North American bus and coach segment.

Motor Coach's new D Series coaches will be included in Metrolinx's GO Transit and UP Express public transportation systems, NFI said.

NFI's share price gained 2.7% on Monday to $13.69 on the TSX.