{"id":558667,"date":"2021-08-22T03:55:24","date_gmt":"2021-08-22T03:55:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/22\/govt-to-take-300-old-microbuses-off-the-road-each-month\/"},"modified":"2021-08-22T03:55:24","modified_gmt":"2021-08-22T03:55:24","slug":"govt-to-take-300-old-microbuses-off-the-road-each-month","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/22\/govt-to-take-300-old-microbuses-off-the-road-each-month\/","title":{"rendered":"Gov\u2019t to take 300 old microbuses off the road each month"},"content":{"rendered":"

<\/a> The government plans to deliver some 300 natgas-powered microbuses <\/strong>each month starting August<\/strong> as part of the state\u2019s plan to replace old vehicles with new models that have dual-fuel engines, Finance Minister Mohamed Maait said in a statement<\/a>. The first dual-fuel microbus is now on the road after being delivered to its owner under the natgas transition scheme.<\/p>\n

The government aims to put <\/strong>15k microbuses<\/a><\/strong> with new dual-fuel engines on the road during the first year<\/strong> of its multi-year natgas transition program. The ministry is providing microbus owners with support of 25% of the new vehicle\u2019s total value<\/a> \u2014 at a maximum of EGP 65k \u2014 to help them cover the down payment. The remainder is being paid over seven to 10 years in installments subsidized rates under a financing program backed by the Central Bank of Egypt. In early June, the ministry recently expanded the scheme to include owners of 20+ year-old microbuses<\/a> in the first phase starting last July.<\/p>\n

How many are eligible for the initiative?<\/strong> So far, some 31k of the applicants met the program\u2019s conditions, according to the initiative\u2019s executive director Amgad Mounir. The figure is a slight increase from the 30k eligible people<\/a> who were contacted in April by the ministry, out of around 68k who applied to the scheme at the time.<\/p>\n

The latest on other natgas vehicles: <\/strong>The government has delivered so far 4.12k vehicles including passenger cars and taxis since April, with EGP 92.8 mn in incentives having been paid out, the statement read. This is more than double the 1.7k dual-fuel passenger cars<\/a> delivered as at late June, with EGP 46.5 mn worth of paid incentives. In FY2021-2022, the government plans to extend additional incentives worth EGP 2 bn<\/a> to encourage car owners to take part in the state\u2019s natgas transition plan.<\/p>\n

It\u2019s an open question whether the government can sustain that rate of replacement <\/strong>thanks to an ongoing global chip shortage that is cutting into supply of new vehicles.<\/p>\n

A refresher on the transition scheme<\/strong>: The government began this year rolling out a plan that aims to have 450k cars<\/a> outfitted with dual-fuel engines by 2024. The scheme is also expected to be extended to tuk-tuks<\/a>. In parallel, the government is working to boost the country\u2019s natgas refueling infrastructure and plans to have 1k natural gas filling stations<\/a> set up nationwide by the end of this year.<\/p>\n

IN OTHER TRANSPORT NEWS-<\/strong> Egypt has begun road-testing nine of the 13 <\/strong>Chinese-made DongFeng E70 electric vehicles<\/strong> that state-owned El Nasr Automotive had imported in June from China<\/a>, ahead of the launch of an assembled-in-Egypt E70 in 2H2022, the Public Enterprises Ministry said in a statement<\/a> yesterday. The tests, which will be handled in cooperation with Uber over the next three to four months, will include nine of the 13 DongFeng E70 electric cars. The government is preparing to begin locally assembling the first 100 EVs through El Nasr next year, with the first El Nasr-Dongfeng EV poised to be ready to hit the road by September 2022, Public Enterprises Minister Hisham Tawfik previously said. Industry leader Infinity is working in parallel to build national charging infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government plans to deliver some 300 natgas-powered microbuses each month starting August as part of the state\u2019s plan to replace old vehicles with new models that have dual-fuel engines, Finance Minister Mohamed Maait said in a statement. The first dual-fuel microbus is now on the road after being delivered to its owner under the […]<\/p>\n","protected":false},"author":1,"featured_media":558668,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7261],"tags":[250,93,72,9728,277,268,207,441],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-558667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transport","tag-el-nasr-automotive","tag-energy","tag-enterpriseam","tag-finance-minister","tag-mohamed-maait","tag-natgas-transition-scheme","tag-transport","tag-uber","wpautop","entry"],"acf":{"mongo_id":"351b97a5-2950-492f-8fb5-9032138878a3","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/8\/220.jpg","photo_position":"above","related_issue":[558655],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t to take 300 old microbuses off the road each month - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/22\/govt-to-take-300-old-microbuses-off-the-road-each-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t to take 300 old microbuses off the road each month\" \/>\n<meta property=\"og:description\" content=\"The government plans to deliver some 300 natgas-powered microbuses each month starting August as part of the state\u2019s plan to replace old vehicles with new models that have dual-fuel engines, Finance Minister Mohamed Maait said in a statement. The first dual-fuel microbus is now on the road after being delivered to its owner under the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/22\/govt-to-take-300-old-microbuses-off-the-road-each-month\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-22T03:55:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/220.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/22\/govt-to-take-300-old-microbuses-off-the-road-each-month\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/22\/govt-to-take-300-old-microbuses-off-the-road-each-month\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t to take 300 old microbuses off the road each month\",\"datePublished\":\"2021-08-22T03:55:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/22\/govt-to-take-300-old-microbuses-off-the-road-each-month\/\"},\"wordCount\":529,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/22\/govt-to-take-300-old-microbuses-off-the-road-each-month\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/220.jpg?fit=%2C&ssl=1\",\"keywords\":[\"El Nasr Automotive\",\"energy\",\"EnterpriseAM\",\"Finance Minister\",\"Mohamed Maait\",\"natgas transition scheme\",\"transport\",\"Uber\"],\"articleSection\":[\"Transport\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/22\/govt-to-take-300-old-microbuses-off-the-road-each-month\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/22\/govt-to-take-300-old-microbuses-off-the-road-each-month\/\",\"name\":\"Gov\u2019t to take 300 old microbuses off the road each month - 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The scheme will initially be rolled out in Cairo, Giza, Qalyubia, Alexandria, Suez, Port Said and\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/69.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573798,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/18\/egypt-earmarks-egp-1-2-bn-in-financing-for-the-countrys-natgas-transition\/","url_meta":{"origin":558667,"position":1},"title":"Egypt earmarks EGP 1.2 bn in financing for the country\u2019s natgas transition","author":"enterpriseam admin","date":"18 August 2020","format":false,"excerpt":"Gov\u2019t, CBE lay down framework for EGP 1.2 bn on-lending program for the country\u2019s natgas transition: The Trade and Industry Ministry, the Central Bank of Egypt (CBE), and the MSME Development Agency are setting up a financing program through the country\u2019s banks to extend EGP 1.2 bn in low-interest loans\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559011,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/05\/meet-our-greener-future\/","url_meta":{"origin":558667,"position":2},"title":"Meet our green(er) future","author":"enterpriseam admin","date":"5 January 2021","format":false,"excerpt":"The Central Bank of Egypt (CBE) has launched a multi-bn EGP program to encourage car owners to outfit their vehicles with dual-fuel engines under the government\u2019s natural gas transition plan, Governor Tarek Amer said, according to Al Shorouk. Announced yesterday on the first day of the Go Green Exhibition \u2014\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/53.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559890,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/what-will-it-take-to-get-electric-cars-on-the-road\/","url_meta":{"origin":558667,"position":3},"title":"What will it take to get electric cars on the road?","author":"enterpriseam admin","date":"8 February 2021","format":false,"excerpt":"Infinity Solar subsidiary Infinity-E will install 300 electric car charging docks across Egypt by 2023 as part of an ongoing plan to invest EGP 300 mn in EV infrastructure, CEO Shams El Din Abdel Ghaffar said, according to Masrawy. Infinity now has a total of 150 charging points in operation\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/131.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560897,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/17\/how-much-will-car-owners-pay-to-transition-to-natgas\/","url_meta":{"origin":558667,"position":4},"title":"How much will car owners pay to transition to natgas?","author":"enterpriseam admin","date":"17 March 2021","format":false,"excerpt":"Here\u2019s how much swapping your car for a natgas vehicle will set you back: Passenger car owners looking to swap old vehicles for new ones running on cleaner energy will have their pick of seven models eligible for state financial support, according to a list (pdf) published on the government\u2019s\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/227.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560511,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/02\/china-is-all-over-govt-microbus-natgas-plans\/","url_meta":{"origin":558667,"position":5},"title":"China is all over gov\u2019t microbus natgas plans","author":"enterpriseam admin","date":"2 March 2021","format":false,"excerpt":"Another Chinese auto firm signs up for gov\u2019t natgas transition plan: General Misr, the local agent of China\u2019s Joylong Automobile minibus brand, intends to start by early 2022 producing some 3k vehicles with dual-fuel engines, a company source who asked to remain unnamed told Enterprise. This move comes as part\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/59.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/558667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=558667"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/558667\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/558655"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/558668"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=558667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=558667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=558667"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=558667"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=558667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}