John Laing completes the acquisition of electric bus concessions
John Laing Group ("John Laing" or the “Group”), a leading international investor and active manager of core infrastructure assets, today announced that it has completed the acquisition of two electric bus concessions in Bogotá, Colombia: the Electribus Bogotá Fontibón II concession and Electribus Bogotá USME I S.A.S. concession (together “Electribus”).
John Laing acquired the concessions from Somos K, Fondo Ashmore Andino II – FCP and Ashmore Andean Fund II, LP (Canada).
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.
The investment builds on John Laing’s track record of working successfully with local government authorities on transport projects with international partners.