MINEOLA - A tentative agreement was reached today between the company taking over Long Island Bus and the union, which means good news for 100,000 commuters.

Veolia Transportation will take the wheel of Long Island Bus at midnight on New Year's Day.

The deal comes less than 48 hours before the new Nassau Inter County Express, or NICE, bus line is set to pick up its first passengers.

As part of the agreement between Veolia and the Transport Workers Union, the bus drivers that were previously employed by the Metropolitan Transportation Authority (MTA) will be allowed to keep their jobs and health care benefits.

NICE Bus CEO Michael Setzer says there will be no disruptions in service, and bus fares will stay at $2.25 for the first year.

The change in bus companies comes after County Executive Ed Mangano (R-Nassau) ended a nearly 40-year partnership with the MTA. He says he chose Veolia because it would save taxpayers $32 million a year.

Nassau Legislature unanimously approves bus contract