Business model: (1) single private operator; (2) dual private actor; (3) public ownership, private operation; (4) fully public operator
Business model typology
Dual private actor
Publication year of the procurement process
Year
2025
Institution responsible for issuing the procurement process.
Issuing authority
DTPM + Ministry of Transport and Telecommunications
City or metropolitan region where the procurement process applies.
City / Region
Santiago
Minimum fleet size and key vehicle specification requirements described in the procurement.
Minimum fleet size specifications
3 size categories (8–11m; 11–14m; 14–18m)
How the procurement defines or requires the inclusion of electric vehicles (e.g., percentage of total fleet, categories affected)
Electric requirement
—
Warranty requirements for vehicles, batteries, or systems when disclosed.
Warranty requirements
Not applicable (operation contract)
Main source of CAPEX payment or revenue in the contractual arrangement.
CAPEX payment or revenue source
System-financed through fleet provision contract
CAPEX payment or revenue values and units disclosed in the procurement.
CAPEX payment or revenue values
Not publicly available
How residual value risk of assets is allocated among stakeholders.
Asset residual value risk allocation*
Private fleet provider (inferred)
How battery degradation risk is allocated among stakeholders.
Battery degradation risk allocation*
Private fleet provider (inferred)
Primary source of financing for the fleet or infrastructure investments.
Source of financing*
Operator (inferred)
Currency denomination and risk-sharing structure for payments or contracts.
Currency exposure structure*
Not publicly available
OPEX & Operational Structure
Country name
Country
#201
Chile
City or metropolitan region where the procurement process applies.
City / Region
#201
Santiago
Main source of OPEX payment or revenue in the contractual arrangement.
OPEX payment or revenue source
#201
Payment per km operated (system)
OPEX payment or revenue values and units disclosed in the procurement.
OPEX payment or revenue values
#201
Maximum reference remuneration of CLP 2,350 (≈ USD 2.47, as of 01 Oct 2025) per km operated by diesel buses and CLP 1,850 (≈ USD 1.94) per km by electric buses; fixed remuneration of CLP 200 (≈ USD 0.21) per passenger transported
Requirement for air conditioning in the vehicles, if specified
Air conditioning requirement
#201
Required for new buses
Minimum technical requirements for batteries and charging systems: autonomy, charging time, and charging type (slow, opportunity)
Battery charging specifications
#201
200 km / 50 km; 3h / 9 min
How energy price risk is allocated among stakeholders.
Energy price risk allocation*
#201
Operator bears energy price risk (not explicitly specified; inferred from model structure)
Charging model adopted in the procurement (e.g., depot charging, opportunity charging).
Charging model type*
#201
Fleet provider-led charging model (infrastructure installed by fleet provider; system may finance upgrades)
City or metropolitan region where the procurement process applies.
City / Region
Santiago
Main source of OPEX payment or revenue in the contractual arrangement.
OPEX payment or revenue source
Payment per km operated (system)
OPEX payment or revenue values and units disclosed in the procurement.
OPEX payment or revenue values
Maximum reference remuneration of CLP 2,350 (≈ USD 2.47, as of 01 Oct 2025) per km operated by diesel buses and CLP 1,850 (≈ USD 1.94) per km by electric buses; fixed remuneration of CLP 200 (≈ USD 0.21) per passenger transported
Requirement for air conditioning in the vehicles, if specified
Air conditioning requirement
Required for new buses
Minimum technical requirements for batteries and charging systems: autonomy, charging time, and charging type (slow, opportunity)
Battery charging specifications
200 km / 50 km; 3h / 9 min
How energy price risk is allocated among stakeholders.
Energy price risk allocation*
Operator bears energy price risk (not explicitly specified; inferred from model structure)
Charging model adopted in the procurement (e.g., depot charging, opportunity charging).
Charging model type*
Fleet provider-led charging model (infrastructure installed by fleet provider; system may finance upgrades)