Rio De Janeiro Launches $98.2 Million PPP for 175 Electric Buses, Backed by $63.5 Million BNDES Financing
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Rio had a Friday marked by two announcements aimed at urban mobility in partnership with the National Bank for Economic and Social Development (BNDES). In the morning, the City of Rio confirmed a funding of R$ 329 million to implement a public-private partnership (PPP) for the operation of 175 electric buses. In the afternoon, in the Guanabara Palace, the Government of the State signed a memorandum that starts the structuring of the expansion pr…
Rio de Janeiro launches $98.2 million PPP for 175 electric buses, backed by $63.5 million BNDES financing
Rio de Janeiro has announced a R$509 million ($98.2 million) project for 175 battery-electric buses and a new charging depot, backed by R$329 million ($63.5 million) in financing from Brazilian development bank BNDES. The financing was announced by the City of Rio de Janeiro on September 25 at Terminal Gentileza and will be provided through […]
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