Bus manufacturers Volgabas and Volgabas Volzhsky will receive state support

Ministry of Industry and Trade of the Russian Federation, the government of the Volgograd region and the administration of the city of Volzhsky signed special investment contracts with bus manufacturers Volgabas and Volgabas Volzhsky.

According to the agreements, the companies undertake to implement an investment project to introduce the technology of using liquefied and compressed natural gas as a motor fuel in the production of low-floor buses. According to the press service of the Ministry of Industry and Trade of the Russian Federation, the volume of investments by Volgabas under the SPIC for this project will be 278 million rubles, and the volume of investments by Volgabas Volzhsky under the SPIC will be 708 million rubles.

During the term of the contract (9.5 years), investors undertake to produce more than 4,000 low-floor buses. Recall that the total production capacity of Volgabas Group of Companies in the Volgograd and Vladimir regions allows the production of up to 3 thousand buses per year. The company produces diesel and gas-engine buses of various classes and purposes, as well as electric buses, vehicles for transporting children, and special-purpose buses.

In the first half of 2022, Volgabas Group produced 430 buses of various models, which is 3.5 times higher than in the same period of the previous year. The group of companies plans to produce at least 1 thousand buses by the end of the year and expand the geography of its presence. The assembled vehicles at the plant in Volzhsky is currently supplied to 40 regions of the country.