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
Dual private actor
Publication year of the procurement process
Year
2019
2025
Institution responsible for issuing the procurement process.
Issuing authority
DTPM + Ministry of Transport and Telecommunications
DTPM + Ministry of Transport and Telecommunications
City or metropolitan region where the procurement process applies.
City / Region
Santiago
Santiago
Entity responsible for provision of bus fleet
Fleet provision
Private fleet provider
Private fleet provider (leasing option allowed)
Entity responsible for operating public transport services.
Operation
Private operator
Private operator
Entity responsible for charging infrastructure deployment and operation.
Charging infrastructure
Fleet provider installs; upgrades possible (system-financed)
Fleet provider installs; upgrades possible (system-financed)
Entity responsible for terminals and depots (ownership, upgrades, or operation).
Terminal and depot
Provided by DTPM; upgrades may be proposed and financed by the system
Provided by DTPM; upgrades may be proposed and financed by the system
Entity responsible for fleet maintenance.
Maintenance
Operator responsible under fleet provider supervision
Operator responsible under fleet provider supervision
Distribution of functional responsibilities among actors involved in the model.
Functional role distribution*
Unbundled model (fleet provider, operator and authority with distinct roles)
Unbundled model (fleet provider, operator and authority with distinct roles)
How electrification is phased or structured over time in the procurement design.
Electrification trajectory design*
Unbundled model (fleet provider, operator and authority with distinct roles)
Unbundled model (fleet provider, operator and authority with distinct roles)
CAPEX Structure
Country name
Country
#203
Chile
#201
Chile
City or metropolitan region where the procurement process applies.
City / Region
#203
Santiago
#201
Santiago
Minimum fleet size and key vehicle specification requirements described in the procurement.
Minimum fleet size specifications
#203
3 size categories (8–11m; 11–14m; 14–18m)
#201
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
#203
—
#201
—
Warranty requirements for vehicles, batteries, or systems when disclosed.
Warranty requirements
#203
Not applicable (operation contract)
#201
Not applicable (operation contract)
Main source of CAPEX payment or revenue in the contractual arrangement.
CAPEX payment or revenue source
#203
Public remuneration per: kilometer travelled; passenger transported. If needed, additional remuneration for terminal improvements and additional charging infrastructure
#201
System-financed through fleet provision contract
CAPEX payment or revenue values and units disclosed in the procurement.
CAPEX payment or revenue values
#203
Not publicly available
#201
Not publicly available
How residual value risk of assets is allocated among stakeholders.
Asset residual value risk allocation*
#203
Private fleet provider (inferred)
#201
Private fleet provider (inferred)
How battery degradation risk is allocated among stakeholders.
Battery degradation risk allocation*
#203
Private fleet provider (inferred)
#201
Private fleet provider (inferred)
Primary source of financing for the fleet or infrastructure investments.
Source of financing*
#203
Operator (inferred)
#201
Operator (inferred)
Currency denomination and risk-sharing structure for payments or contracts.
Currency exposure structure*
#203
Mixed currency structure (CLP, UF and USD allowed with conversion mechanisms)
City or metropolitan region where the procurement process applies.
City / Region
Santiago
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)
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)
Not applicable (operation contract)
Main source of CAPEX payment or revenue in the contractual arrangement.
CAPEX payment or revenue source
Public remuneration per: kilometer travelled; passenger transported. If needed, additional remuneration for terminal improvements and additional charging infrastructure
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
Not publicly available
How residual value risk of assets is allocated among stakeholders.
Asset residual value risk allocation*
Private fleet provider (inferred)
Private fleet provider (inferred)
How battery degradation risk is allocated among stakeholders.
Battery degradation risk allocation*
Private fleet provider (inferred)
Private fleet provider (inferred)
Primary source of financing for the fleet or infrastructure investments.
Source of financing*
Operator (inferred)
Operator (inferred)
Currency denomination and risk-sharing structure for payments or contracts.
Currency exposure structure*
Mixed currency structure (CLP, UF and USD allowed with conversion mechanisms)
Not publicly available
OPEX & Operational Structure
Country name
Country
#203
Chile
#201
Chile
City or metropolitan region where the procurement process applies.
City / Region
#203
Santiago
#201
Santiago
Main source of OPEX payment or revenue in the contractual arrangement.
OPEX payment or revenue source
#203
Payment per km operated (system)
#201
Payment per km operated (system)
OPEX payment or revenue values and units disclosed in the procurement.
OPEX payment or revenue values
#203
Maximum reference remuneration of CLP 1,260 per km (diesel) and CLP 950 per km (electric); CLP 150 per passenger
#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
#203
Not required
#201
Required for new buses
Minimum technical requirements for batteries and charging systems: autonomy, charging time, and charging type (slow, opportunity)
Battery charging specifications
#203
Unspecified; specifications defined in fleet provision procurement
#201
200 km / 50 km; 3h / 9 min
How energy price risk is allocated among stakeholders.
Energy price risk allocation*
#203
Operator bears energy price risk (not explicitly specified; inferred from model structure)
#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*
#203
Operator / supplier-led charging model (infrastructure proposed by bidders and installed in public terminals; compensated via dedicated payment component)
#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
Santiago
Main source of OPEX payment or revenue in the contractual arrangement.
OPEX payment or revenue source
Payment per km operated (system)
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 1,260 per km (diesel) and CLP 950 per km (electric); CLP 150 per passenger
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
Not required
Required for new buses
Minimum technical requirements for batteries and charging systems: autonomy, charging time, and charging type (slow, opportunity)
Battery charging specifications
Unspecified; specifications defined in fleet provision procurement
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)
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*
Operator / supplier-led charging model (infrastructure proposed by bidders and installed in public terminals; compensated via dedicated payment component)
Fleet provider-led charging model (infrastructure installed by fleet provider; system may finance upgrades)