By Marcus Leach

Stagecoach Group announced today (Wednesday) that they will invest around £44million in a fleet of new double-decker coaches for its expanding megabus.com operations in North America and the UK.

More than 100 state-of-the-art coaches have been ordered from Belgian manufacturer Van Hool for the market-leading budget travel service.

megabus.com offers daily, express coach travel from $1 in North America and for as low as £1 in the UK.

The 13-metre coaches, which meet the latest Euro 5 emissions standards, will have 81 seats and are equipped with a toilet, power sockets, wi-fi and CCTV.

The order includes a £40million investment in 95 vehicles for the megabus.com network in the United States and Canada. More than 15 million passengers have travelled with megabus.com in North America and the investment follows the recent announcement of megabus.com’s expansion to the southern United States.

“The tough economy and rising fuel prices are having a real impact on household living standards and people are looking for ways to save money. megabus.com is the perfect solution to help make people’s pound or dollar go further in these difficult times," Stagecoach Group Chief Executive Sir Brian Souter said.

“Many of the people we are attracting, particularly in North America, used to travel by car, so the switch to greener coach travel is better for the planet. This latest investment will also mean we can continue to offer a high quality product as well as great value fares and meet the growing demand for low-cost travel in North America and the UK.”

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