Bangkok (VNA) - The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).
As reported by Bangkok Post, the resolution reverses a decision passed in 2012, which approved a previous BMTA proposal to procure up to 3,183 NGV buses at a cost of 13.2 billion THB.
Anukool Pruksanusak, a deputy government spokesman, said of the 15.35 billion THB now required for the new EV bus leasing project, 10.1 billion THB will be allocated for bus rental costs, 3.2 billion THB for maintenance and 967 million THB will be for charging stations.
A total of 368.4 million THB has been earmarked for the programme in the current fiscal year ending on September 30, with the remainder to be drawn from tied-over budgets from fiscal years 2026 to 2031, he said.
The BMTA has projected that the leasing scheme will generate 52.65 billion THB in revenue over the seven-year period, with income expected to come mainly from bus fares and onboard advertising. The profit is anticipated at 19.85 billion THB./.
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