The World: New York - Cemusa nets $1bn 20-year outdoor contract

The Hispanic outdoor agency Cemusa has beaten the outdoor giants JCDecaux and Van Wagner to win a 20-year contract with New York City, worth $1 billion.

As part of the deal, the Madrid-based company will build and maintain 3,300 bus stops, 330 newsstands and 20 automatic toilets in New York, creating around 100 jobs in the process.

Cemusa currently delivers municipal services in Miami, San Antonio and Boston. However, JCDecaux did hold on to the advertising account for New York's John F Kennedy airport, a ten-year deal that also includes Newark Liberty Airport, the Port Authority bus terminal and George Washington Bridge bus station.