West Bengal to switch to lease model for procuring electric buses
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Date: February 10, 2020 Loading...
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West Bengal - The West Bengal government has decided to switch to "lease model" for procuring new electric buses to overcome high initial capital expenditure. Currently West Bengal Transport corporation has owned 80 electric buses and further purchase would be under the lease model in which comes under FAME scheme3.
Under leasing/OPEX1 model the bus would be operated by the state Transport department and ticketing responsibility will stay with them and would pay the rental based on per kilometre basis through a competitive tendering basis.
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