European Union Investment of nearly £6m has been secured by two Stormont departments to help fund 53 new Translink buses and coaches.
Both the Department for Regional Development (DRD) and the Department for Enterprise Trade and Investment (DETI) used the European Sustainable Competitiveness Programme for Northern Ireland, which is administered by DETI, to source the £5.8m funding which will go to buy 39 Goldline Coaches and 14 Double Deck Metro buses.
Enterprise Minister, Arlene Foster said the news will help the Northern Ireland economy.
"With parts of the contract for the work to supply the Metro buses going to Wrightbus in Ballymena, there are clear benefits to the Northern Ireland economy and the investment will undoubtedly help support local jobs," she said."
Securing the EU funding for the project demonstrates good inter-departmental co-operation in addressing key executive priorities."
The new coaches and buses came into service over the last few months and are being used on Northern Ireland and cross border routes. DRD minister Danny Kennedy said: "The introduction earlier this year of 53 new buses and coaches into the Translink fleet is making public transport an even more attractive option.
"These new vehicles are already delivering greater comfort and accessibility for passengers.
"They have replaced older vehicles and comply with modern European emission standards helping Translink further reduce the environmental impact of the fleet.
"Securing EU support to part fund this investment will benefit passengers for many years to come."