Daewoo Bus Corp., spun off from defunct Daewoo Motor, will supply 265 compressed natural gas buses worth $US29 million to Santiago, Chile, by 2007, South Korea’s Ministry of Commerce, Industry and Energy said on Thursday.
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A ministry official said Subus Chile has won a contract to use Daewoo buses one new routes being established by the city of Santiago.
In a first phase, Daewoo Bus is expected to provide 110 CNG vehicles by the end of August 2005, with the additional 115 buses being delivered by 2007, the official said.
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