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.
John Laing acquired a 30 per cent stake in the Ruta del Cacao road project in Colombia in 2019. The acquisition marked the Group’s entry into Colombia, an OECD member state with a strong and stable PPP framework and a good pipeline of PPP projects focused on transport, a core area of John Laing expertise.
John Laing acquired two electric bus concessions in Bogotá, Colombia in November 2022.
John Laing’s second PPP investment in Colombia which builds upon our strong expertise in the roads sector, local presence and our extensive partnership network.
In 2019, Mobilinx, in which John Laing has a 35 per cent equity interest, achieved financial close on the design, build, finance, operation and maintenance of the Hurontario Light Rail Transit Project.
The SLR project consists of the design, construction and financing of the light rail network, and its operation and maintenance.
NGR is a public private partnership consisting of the design, build, finance and maintenance of 75 six-car trains for the South East Queensland suburban passenger rail network, and the design and construction of a new purpose-built maintenance facility in Wulkuraka.