Cash-strapped BMTC may soon take the lease route to electric buses. With the cost of electric buses working out to at least three times more than that of AC buses, BMTC is looking to induct 150 buses into its fleet under the lease model.
According to the proposal, selected firms will have to purchase, maintain electric buses and set up infrastructure like charging points at depots. BMTC will share the revenue with selected firms. BMTC has also approached the Centre for financial assistance to procure 150 electric buses.
The Centre though is willing to offer funds only to purchase a few buses. So for the transport corporation, which is already struggling to pay its employees, a lease model works out cheaper. Apart from its initial steep capital cost, electric buses are pollution free and have far lesser operational and maintenance costs as opposed to diesel and CNG vehicles. Read More…
Credit By : New Indian Express
Latest posts by newindianexpress.com (see all)
- Saudi Minister’s assurance pushes crude oil prices down, lifts OMC stocks - September 19, 2019
- After panic oil prices moderate - September 18, 2019
- Rs 7,600 crore Discom dues land Gridco in financial crisis - September 16, 2019