Archivo de la etiqueta: Public Transport

LATIN AMERICA ACCELERATES ITS ROAD TOWARDS TRANSPORTATION ELECTRIFICATION

THE REGION IS THE SECOND MARKET FOR eBUSES IN THE WORLD

Colombiabus newsroom – William Marroquín

The electrification of commercial vehicles, especially for passenger transport, could gain a new dimension throughout Latin America, anticipating the transformation processes in technologies aimed at mass mobilization. The change must happen quickly because the region is, in terms of production, the world’s second-largest market, with around 55,000 buses a year, behind only China, where 200,000 units are produced a year.

It is also important to mention that of those 350 vehicles that roll in the South American giant, 302 are trolleybuses and the majority are old. Only 48 are battery powered. It is true that, from the middle of last year to the present, several new initiatives for 100% electric and gas buses were launched, but it is still very little, mainly because these projects are for road transport or industrial chartering and not for the collective urban and in large centers.

This importance in terms of world production is causing the main international organizations and manufacturers to focus their attention on sustainable mobility projects in different countries and anticipate the introduction of clean technologies, which will benefit the whole of society. Countries like Brazil where, despite being the largest bus manufacturer in Latin America and representing approximately half of the total volume, there is a lag in the application of clean technologies. Today, Brazil is only the fourth country on the continent in number of registered clean technology buses, with 350 vehicles. It is behind Chile, with about 820 buses, Colombia, with 590, and Mexico, with 410 units.

This boost in the electrification and adoption of clean technologies, such as gas, among others, was highlighted in the launch, last September, of Busworld Latin America, the main business event in the passenger land transport sector, which for the first time Once, it will be held in Buenos Aires, Argentina, in 2022, bringing together the main manufacturers and companies of the continent.

Latin America accounts for 17% of global volume and has become the world’s second-largest market for land transportation. “This growth must continue. We believe that buses are the key to solving mobility problems around the world ”, points out Vincent Dewaele, CEO of Busworld International. For the executive, the holding of the event for the first time in Argentina reinforces the objective of bringing together the entire world community of passenger land transport and not only bus manufacturers, suppliers and service providers. «The holding of seminars, knowledge exchange initiatives and the presentation of new technologies in vehicles will allow the exchange of experiences with other more developed countries to ensure efficient, sustainable and quality transportation for all in Latin America,» he emphasized.

ARGENTINE GOVERNMENT ANNOUNCED LINE OF CREDIT FOR THE PURCHASE OF ROAD BUSES

PRODUCTIVE DEVELOPMENT SEEKS TO REACTIVATE TRANSPORTATION

Colombiabus newsroom – William Marroquín / Gobierno de Argentina

The Ministry of Productive Development and the Banco de la Nación Argentina launched a financing line with a discounted interest rate for the purchase of medium and long-distance buses manufactured in the country. The objective of the line is to accompany the reactivation of companies that offer transport and tourism services, and to further contribute to strengthening the local bus manufacturing industry.

The line for the renewal of the medium and long-distance bus fleet will offer credits of up to $50 million for small and medium-sized companies (up to USD500,000 per company) and a maximum of $250 million for large companies (2.5 million dollars per company), with a payment term of 36 months, a 6-month grace period and a discounted interest rate of 22% for SMEs and 24% for large companies.

The discounted interest rate seeks to improve access and credit conditions for small and medium-sized companies, so that they can finance their investment and working capital needs at competitive interest rates. The Secretariat of Entrepreneurs and SMEs awards credit quotas to Financial Entities through bids or specific agreements.

Entrepreneurs can process the credit in any of the banks participating in the operation, who carry out the credit analysis of the company and in case of qualifying as a credit subject, they grant loans at a discounted rate, which allows them a reduction of points in accordance with the financial conditions of the line. It is practically the same operating model that development entities such as Bancóldex or the BNDES of Brazil apply in Colombia.

The measure is carried out thanks to the contribution of the Banco de la Nación Argentina and the Ministry of Productive Development through the National Fund for Productive Development (FONDEP), which accompanies the financing by subsidizing the rate provided by the financial entity. The tool seeks to boost the production of the national manufacturers of bodies of these buses, and update the fleet of this type of vehicles.

Argentine SMEs, manufacturers of medium and long-distance bus bodies, are among the sectors most affected during the economic crisis that unleashed the coronavirus pandemic. These activities, which have begun to recover thanks to the progress of the vaccination campaign and the launch of initiatives such as the Pre-Trip, are the main demanders of medium and long-distance buses.

Given the growth in tourist activity and the aging of the bus fleet during the last two years, the financing line will help boost the production of the national manufacturers of these bus bodies, and update the fleet of this type of vehicles.