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Malaysian Operator to Buy 465 CNG Buses from Samsung

16 March 2007

Malaysian bus service operator Nadicorp Holdings Sdn Bhd will buy 465 compressed natural gas (CNG)-powered bus chassis from Samsung Corp for US$77 million.

Samsung is also arranging the loans: US$50 million from Korean banks and US$27 million from Malaysian banks.

Implementation will be staged, with 100 buses targeted for this year. Development of the CNG refueling infrastructure will proceed in parallel.

March 16, 2007 in Brief | Permalink | Comments (0) | TrackBack (0)

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