The World Bank hired Steer to undertake a study to analyse a detailed diagnosis on institutional and economic aspects regarding transport policy, financial instruments and funding sources for low emission buses in five Latin American cities: Mexico City, Sao Paulo, Montevideo, Buenos Aires and Santiago.
The project included the design and implementation of local workshops and interviews, including a final 3-day workshop with officials from 8 countries to present the results and to build local strategies.
The objective was to support the implementation of cleaner bus technologies while considering financial sustainability of intervened systems. Key deliverables included an in-depth diagnosis and a set of recommendations on the environmental and energy impact of low emission buses, their TCO, funding and financing mechanisms, policy and institutional recommendations to enable the introduction of cleaner fleets. An extension of the study was made to also include Medellin and Bogota, CO.
An executive summary of the study can be found on the World Bank website.