MIVSA is the concessionary for Metrobús’ Line 3, and its parent company, MOBILITY ADO will acquire via financing with Banco Santander México 50 new fully electric units for this transportation system.
As part of its commitment to sustainability, Banco Santander México granted a credit to the Mexican company Movilidad Integral de Vanguardia (MIVSA), a MOBILITY ADO branch.
With this financing, the company will purchase 50 fully electric buses to be part of Mexico City’s Metrobús Line 3. This line will be the first to have the most zero-emission electric units in Mexico City.
Also, this financing marks the joined efforts of the public, private and banking sectors. To renew these Metrobús units by 2023, which today operates mainly on diesel. This action will turn Line 3 into Mexico’s gold standard in technology, as well as environment-friendly actions and sustainable transportation.
Financing these kinds of projects is proof of Banco Santander’s commitment to move alongside our customers towards a carbon-reduced economy. We want to be the leading bank in sustainable financing. That’s why we’re taking immediate actions to allow us to achieve the commitment with the Group to move more than 120,000 million Euros in green financing from 2019 to 2025.” Stated Javier Rodríguez Ardila, Santander’s North America Green Finance manager.
MOBILITY ADO´s strategy
MOBILITY ADO’s Vanguard Integral Mobility general manager, Alfonso Cavazos Saro stated: “This project exists thanks to the collaboration between the public and private sectors. This financing allows us to move towards electromobility with zero-emission units to improve people’s quality of life. We’re eager to be part of this sustainable mobility process in public transport both in Mexico and globally.
As part of this electromobility program, the new 50 units will be developed by the Chinese company Yutong and will be 59 ft. long, will carry 160 passengers and will have an autonomy of 186 miles.
Currently, the Metrobús system has seven lines with 91 miles all over the city and 281 stations. While Line 3 operates with both diesel-fueled and electric units, making this announcement the beginning of an evolution on mobility in Mexico City.
With this financing, MOBILITY ADO, a company with more than 80 years in the market reiterates through MIVSA, its commitment to move toward electromobility with tech innovation proven to be a success in the continents of America and Europe, strengthening its goal of taking the lead in these new opportunities in Mexico.