Six Public Banks Offer 90% Financing for New Buses

Six Algerian public banks have launched a new financing initiative designed to facilitate the acquisition of new buses by transport professionals. This program offers substantial financial support, covering up to 90% of the total cost for eligible applicants seeking to upgrade their fleets.

The financing options are part of a broader effort to modernize Algeria's public transport infrastructure. By enabling transport professionals to acquire contemporary vehicles, the initiative aims to renew the national public transport fleet and enhance the quality of service available to citizens.

Furthermore, this financial support is intended to improve working conditions for professionals within the transport sector. The loans associated with this initiative can extend over a period of up to 10 years, providing flexible terms for long-term investment in modern transportation assets.