ASTC To Operate Around 1,000 Electric Buses

Wednesday, 16 October 2019

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ASTC To Operate Around 1,000 Electric Buses

G Plus News | August 13, 2019 15:10 hrs

GUWAHATI: Assam State Transport Corporation (ASTC) plans to operate around 1,000 electric buses which will be provided by Indian distributer of the Hungarian firm, Csepel Holding in phase-wise manner.

ASTC Managing Director Anand Prakash Tiwari said talks are in final stages and an agreement is likely to be signed shortly.

According to a report in the Assam Tribune, Csepel Holding will lease out these buses on an opex model where ASTC will be the lessee with no capital expenditure involved. 

The company will provide the buses and ASTC will operate them. However, in return, an amount will be paid to them monthly.

It is to be mentioned that Csepel Holding will also set up the charging stations for the buses and carry out the maintenance which will be borne by the Special Purpose Vehicle (SPV). 

(Inputs Assam Tribune)

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