The contract, structured as a gross cost contract or wet lease, was finalised on Thursday, marking a substantial leap towards sustainable public transportation in Mumbai
The Brihan Mumbai Electric Supply & Transport Undertaking (BEST) has announced the awarding of a significant contract to a consortium comprising Olectra Greentech Limited and Evey Trans Private Limited for the supply, operation, and maintenance of 2,400 electric buses. The contract, structured as a gross cost contract or wet lease, was finalised on Thursday, marking a substantial leap towards sustainable public transportation in Mumbai.
Under the terms of the agreement, the consortium is tasked with delivering 2,400 electric buses within the span of 18 months. Olectra Greentech, the primary supplier, estimates the value of supplying these buses at Rs 4,000 crore.
The contract encompasses a comprehensive 12-year period for the operation and maintenance of the electric buses. Evey Trans Private Limited will facilitate the procurement of buses from Olectra Greentech Limited, with the latter assuming responsibility for the maintenance of the buses throughout the duration of the contract.
This strategic partnership signifies a concerted effort by BEST to bolster its fleet with environmentally friendly and sustainable transportation options. The introduction of electric buses is expected to not only reduce carbon emissions but also enhance the overall efficiency and reliability of public transit services in Mumbai.
The move aligns with the broader vision of transitioning towards cleaner and greener mobility solutions in urban areas, contributing to the city’s efforts to combat air pollution and promote sustainable development.
Speaking about the contract, representatives from both Olectra Greentech and Evey Trans expressed their commitment to delivering high-quality electric buses and ensuring seamless operations and maintenance services throughout the contract period.
With this significant investment in electric buses, BEST aims to set new standards in public transportation while addressing environmental concerns and meeting the evolving needs of Mumbai’s residents. The partnership underscores a shared commitment to advancing sustainable mobility solutions and shaping a more eco-friendly future for the city.
The procurement and deployment of 2,400 electric buses represent a pivotal step towards achieving a cleaner, greener, and more efficient public transportation system in Mumbai, setting a positive precedent for other cities across India.
