John Laing acquired two electric bus concessions in Bogotá, Colombia: the Electribus Bogotá Fontibón II concession and Electribus Bogotá USME I S.A.S. concession (together “Electribus”). The transaction completed in November 2022.
John Laing acquired the concessions from Somos K, Fondo Ashmore Andino II – FCP and Ashmore Andean Fund II, LP (Canada).
The investment builds on John Laing’s track record of working successfully with local government authorities on transport projects with international partners.