Mexico City: Banco Santander to Finance 50 Electric Buses for Public Transport

With many challenges to overcome, Mexico City is in the midst of a transition towards sustainable mobility. The public sector has granted important tax incentives, which has encouraged companies to make investments that contribute to the environment and new technologies.

One of the entities focused on sustainability and electromobility is Banco Santander Mexico, which has approved financing for the company Movilidad Integral de Vanguardia (MIVSA), a subsidiary of Mobility ADO, to acquire 50 100% electric buses that will be incorporated into line 3 of the Mexican capital.

Chinese Technology

The fleet, which is expected by the end of this year and 2023, is manufactured by the renowned Chinese company Yutong. Among the main features are an autonomy of more than 300 kilometers, 18 meters long and a capacity for 160 passengers.

In addition, the Metrobus system has 148 km of corridors throughout its system and 281 stations in the seven lines.  Line 3, inaugurated in 2011, operates both diesel and electric buses, making the announcement a turning point on the road to decarbonization.

Public-private Integration

In 2021, the Mayor of Mexico City, Claudia Sheinbaum, announced the incorporation of 10 electrified units as part of her project based on the construction of an “Innovative City with Rights” to guarantee a healthy environment through joint work with private companies.

Regarding the progress and resources that have been allocated to improve mobility in Mexico City, Alfonso Cavazos Saro, General Manager of Integral Vanguard Mobility at MOBILITY ADO, highlighted that this is a project that is the result of collaboration between the public and private sectors.

“This financing allows us to move steadily towards electromobility, with zero-emission units that improve people’s quality of life. We are excited to participate in the process of sustainable mobility of public transportation in our country and in the world,” he said.

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