The Kabul Tribune (KT)— Corporate Travel Management Limited, an Australian-listed travel management company, said Monday it has secured a new contract with the U.K. Ministry of Defense to continue providing accommodation and related services for the Afghan Resettlement Program.
The company, listed on the Australian Securities Exchange
under the ticker CTD, said the contract will remain in place until the U.K.
government's Afghan Resettlement Program is completed.
Australian media—Share Café-- reported that Corporate Travel
Management, known as CTM, has been the exclusive provider of the accommodation
and related services since February 2025, according to the company.
The contract's revenue will depend on the volume of services
provided rather than a fixed contract value, CTM said.
Based on current forecasts, the company expects to generate
about £28 million ($37.5 million) in total transaction value during the first
six months of the agreement.
CTM said the continued contract reflects its ongoing role in
supporting the U.K. government’s efforts to resettle Afghans and provide
accommodation and related logistical services.
The company described the agreement as an extension of its
work with the U.K. Ministry of Defense and said it remained committed to
supporting the resettlement program.
The announcement was authorized for release by Shelley
Sorrenson, CTM’s company secretary.
