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Loan to Finance the Acquisition of New Buses for Passenger Transport

August 19, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Loan to Finance the Acquisition of New Buses for Passenger Transport

The Agricultural and Rural Development Bank announced in a statement on Wednesday the launch of a new product aimed at carriers to finance the renewal of the public transport fleet for passengers, which reaches up to 90 percent of the cost of acquiring the bus, as part of supporting the efforts of public authorities within the program to withdraw buses that are over 25 years old. The same source clarified that the bank offers private carriers, whether natural or legal persons, financing 'that can reach up to 90 percent of the cost of acquiring the bus, including all fees with a personal contribution from the beneficiary of 10 percent of the purchase price in addition to state support of 20 percent.' This financing is available in both classic financing format and also service ...

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