MGCC estimates up to RM150 million worth of investments from potential local investors for the 100 electrical buses.
The agency will be exploring several implementation mechanisms such as outright purchase, leasing and transit-oriented developments.
This effort will not only help address climate change but also improve the local green economy and create green jobs for Malaysians, the MGCC CEO stated recently. MGCC was previously known as Malaysian Green Technology Corp (GreenTech Malaysia).
According to the CEO, currently, there have been several electric busses pilot programmes carried out by other organisations over the years such as the “Putra NEDO EV Bus Project” in Putrajaya (four electric-vehicle [EV] buses) and BRT [Bus Rapid Transit System] Sunway by Rapid KL [15 EV buses]).
Recently, Tenaga Nasional Bhd is testing out three EV buses at Universiti Tenaga Nasional and Sarawak Energy is testing out three hydrogen-powered EV buses in Kuching.
On 2 March 2020, MGCC signed a memorandum of understanding (MoU) with Malaya Green Builder Energy Sdn Bhd (MGBE) and a Taiwan- based company specialising in total mobility solutions.
The MoU aims to accelerate the greening of Malaysia’s public transport by introducing electric buses and other supporting low carbon mobility solutions as we aim to help cities transform into low carbon cities through foreign direct investments (FDIs).
The cooperation between the three parties will leverage on MGCC and its group of companies’ roles as mandated by the Malaysian government through Ministry of Energy, Science, Technology, Environment and Climate Change, which, among other, is to promote climate action through the Low Carbon Cities and Low Carbon Mobility initiatives.
Globally, cities are responsible for up to 70% of greenhouse gas emissions and a major contributor to that is the transportation sector.
Greening the nation’s public transport through the widespread adoption of electric buses will not only help reduce greenhouse gas emissions in cities but also help improve the air quality in cities.
It was noted that the MoU signals a commitment to accelerating climate action through FDIs of green technology in Malaysia.
MGCC’s role as a driver of low-carbon mobility solutions and a facilitator is to connect the foreign investor and technology provider with suitable local partners to ensure that we help grow the local green economy, create green jobs, ensure comprehensive technology transfer and help figure out suitable implementation mechanisms that are suited to our local needs.
Meanwhile, the Taiwan- based company has over 17 years of experience in providing a total mobility solution in Taiwan and has been instrumental in providing quality public transport services to commuters daily.
Their experience, knowledge and expertise in total mobility solution can help add value and enhance the transportation sector in Malaysia.
MGBE is the local representative of Taiwan- based company and is committed to helping Malaysia advance the adoption of green technology and address climate change.
MGCC will work closely with the Ministry of Transport and other relevant agencies to help green the public transport sector in Malaysia.
