Electric Bus Ventures Await Investors: Ministry of Transport

Minister of Transport, Highways and Mass Media  Bandula Gunawardena said that investors have been allowed to purchase 200 electric buses for operation in the Western Province.

The minister also pointed out that this program will be implemented in accordance with the world agreement where all public transportation worldwide will be free from fossil fuels by 2030.

Minister  Gunawardena conveyed these updates during a media briefing held yesterday (04) at the Presidential Media Centre under the theme ‘Collective Path to a Stable Country.’

“Investors have been allowed to import 200 electric buses for the Western Province. For this project, Expression of Interest has been called.

It will be implemented as a domestic and foreign joint venture. Also, the investors have been allowed to establish charging points.

The investor would be allowed to operate the project to recover the invested capital. Thereafter, within a certain period, the ownership of the buses will be acquired by the government. Any country in the world including China and Korea could apply for this project. This is an investment opportunity.

There is a global consensus that all public transport in the world should reach zero emission by 2030. Those involved in carbon trading are investing in this to protect the ecosystem. Electric buses bring great value to the environment. Various organizations in the world are paying a high price to protect this value.