Electribus, Colombia
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. The investment builds on John Laing’s track record of working successfully with local government authorities on transport projects with international partners.
Electribus is an availability-based public-private partnership project with concessions that run until 2035 and 2036 respectively.
The concessions provide a total of 259 electric buses to Transmilenio, the public transport authority of Bogotá, and are operated through a separate contract by Somos, a Colombian public transport operator.
Electribus was one of Bogotá’s first fleets of electric buses.
The city is committed to the electrification of transport and now has more than 1,400 electric buses, which is currently one of the largest electric bus fleets of any city in Latin America. Colombian law requires that all mass public transport fleet be 100 per cent electric by 2035 and at least 10 per cent electric by 2025.
Public transportation is an essential public service in Bogotá. Almost 3 million trips are made daily as the city’s public bus system is the sole means of mass transit. The electrification of public transport will present additional social and environmental benefits including the reduction of carbon emissions along with a reduction in sound pollution.
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