Ascendal’s new buses arrive in Chile
September 23, 2020 – Punta Arenas, Chile
Ascendal’s new fleet of buses has arrived in Punta Arenas, Southern Chile, two weeks in advance of launching operations within the city. Manufactured by Marco Polo at their specialist bus facilities in Brazil, two tranches of the buses have been driven down through South America to the southern-most tip of the continent. With the first tranche of 35 arriving in early September, the remaining 35 brand new vehicles completed their journey on 16th September, as they arrived in Punta Arenas.
This milestone comes after Ascendal’s team first entered the Chilean market in 2017, participating in the tendering process for the Transantiago network, based in the country’s capital. Having kept an on-the-ground presence since then, Ascendal has demonstrated its unwavering commitment to enter the Chilean public transport market, which it achieved through this new Punta Arenas operation. The deal itself has seen the new vehicles financed through Ascendal Finance, with new and improved operations commencing under Ascendal Mobility.
General Manager of Ascendal Punta Arenas, Marcelo Cornejo, comments: “We are delighted to be launching a fresh, new service for the people of Punta Arenas. We are literally going to the ends of the earth to deliver quality operations with a brand new fleet of attractive and comfortable vehicles.”
Director of Ascendal Finance, Carlos Botello, adds: “Ascendal is excited to launch our first fleet financing solution in Latin America. The structure we are providing enables the local government to offer a brand new fleet of vehicles and a more comfortable journey to local residents. Our sustainable financing brings an innovative and affordable approach to investing in transport infrastructure.”
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Ascendal’s core business is delivering world-class public transportation services through the deployment of cutting-edge innovations, best practice processes and industry-leading talent; ensuring it is safe, efficient, reliable, and always focused on our passengers’ needs. The people in the communities in which we operate are the reason we do what we do. Our mission is to improve their lives by providing them unrestricted access to optimal, environmentally-friendly mobility options.
Helping to create mobility within a community is a great responsibility that we take very seriously. Under the leadership of expert industry professionals with hundreds of years of combined international experience, our clients can be sure that we are an excellent partner to deliver high-quality and fit-for-purpose transport solution.
Public transportation is a heavily subsidized industry with farebox revenue rarely covering costs. The benefits of public transportation, however, are significant and difficult to quantify, making it tough for authorities to commit to investments in high quality public transport systems and new infrastructure.
Our operational financing approach available for transit agencies is ambitious in concept but simple in delivery. For specific infrastructure projects that add significant value to a city, including in its underlying real estate, we provide innovative solutions to help capture this broader value creation, which in turn makes it more possible to deliver these projects in a timely fashion, combining private and public enterprises in a symbiotic relationship matching risk to drive better outcomes.
We can provide solutions that enable authorities to consider more major mass transit projects that can transform how the city works without causing undue financial strain. Our solutions pave the way for authorities to deliver a system that they want, that they control and that can deliver the right solution for their communities.