Hyundai Corporation-Hyundai Motor Company are supposed to supply 500 Aero City intra-city buses to Turkmenistan
-The biggest single contract of 66 million dollars…it is expected to supply 400 buses additionally by 2020-
[The minister of the Road and Transport Authority, Maksat Aydogdyyev((the left side of the photo) and the team manager of Hyundai Corporation, Choi Yoon-Seok(the right side of the photo) in Ashkhabad, Turkmenistan]
At the office of the Road and Transport Authority in the capital of Turkmenistan, Ashkhabad, Hyundai Corporation had the signing ceremony for 500 Aero City intra-city buses and related components supplied by Hyundai Motor Company at 6 p.m. (10 p.m. Korean time) on May, 31, in the presence of the minister of the Road and Transport Authority, Maksat Aydogdyyev and the key stakeholders.
This contract is a part of replacing the intra-city bus to improve public transportation in Turkmenistan and to prepare the 5th Asian Indoor & Martial Arts Games that will be held in Ashkhabad next September. Hyundai Motor Company will start to produce the vehicles from next month and complete products supply over the span of a year until the event starts.
This contract is based on the agreement of the Economic Cooperation Conference made right after the bilateral summit meeting when President Park Geun-hye visited Turkmenistan in June, 2014. It is also a great example of synergetic effects generated through cooperation of the government and the private company.
At that time, Hyundai Corporation is supposed to supply 900 Aero City intra-city buses of Hyundai Motor to Ashkhabad by 2020 and this signing is about 500 among them. The amount is about 66 million dollars(approximately 78 billion Won) including the related parts and it is the biggest single contract for the intra-city bus ever made. Hyundai Corporation is expected to supply the remaining 400 buses additionally by 2020.
The Aero City intra-city bus of Hyundai Motor Company is 11 meters long and can carry 27 passengers. It boasts more sophisticated design equipped with a roof spoiler at the request of the local government and many customized parts such as the additionally installed ventilator to meet the local climate conditions.
Hyundai Corporation and Hyundai Motor Company have consecutively succeeded in supplying 690 intra-city buses to Turkmenistan so far; 450 in 2009, 200 in 2012, etc.