BUSES PURCHASE PROSPECTS * WORLDWIDE
* Hungary - State bank loan may help Hungarian bus makers "plunge" back into local market
Budapest, Hungary -RealDeal.hu -March 22, 2010: ... The state-owned Hungarian Development Bank (MBF) is planning to launch a Ft 50 billion (€188 million) loan program to help local communal transportation companies to renew their fleets of vehicles. This could be enough to buy about a thousand buses, most of which would be brand new - and at least some of which would be Hungarian-made... While the tender does not allow for "positive discrimination" in favor of domestic bus manufacturers, such companies are said to be believe their products are competitive on quality and prices. The program is thus seen as a boost to local firms who have in recent years had to focus on foreign markets, due to small and heavily bureaucratic local tenders...
* Tanzania - Investors in Dar transport to enjoy tax exemptions
Dar es Salam,Tanzania -The Citizen, by By Victor Karega -22 March 2010: -- The Tanzania Investment Centre (TIC) has joined the drive to address public transport woes in Dar es Salaam and efforts being by made by the authorities to end the nagging problem of traffic congestion in the city... The agency said it is now ready to offer fiscal incentives to enable local investors to import modern buses to create public transport fleets, which are a sure way of safe commuting in cities. The TIC incentives include tax exemptions to transporters who will import new big buses for providing commuter services in the city... Its director of Investment Promotion, Raymond Mbilinyi, told BusinessWeek recently that the incentives aim at encouraging local investors to invest in modernizing public transport to overhaul the current wanting system and help to reduce traffic jams on Dar es Salaam roads... He said investors interested to invest in commuter bus companies can approach the agency for assistance... (Photo: Commuter buses at the Ubungo main bus stop)
Labels: buses purchase prospects