With the presence of the Minister of Hydrocarbons Víctor Hugo Zamora and the Executive General Director of the Executing Entity for Conversion to Natural Gas (EEC-GNV) Manolo Zabala, the plan for economic reactivation of transportation in Bolivia was presented, through the implementation of the “Incentive Program for the Development and Sustainability of the Energy Grid in the Transport Sector.”
This program includes the creation of a trust fund of USD 20 million, destined to grant individual or associative credits, to the affiliates of the Bolivian Union Confederation of Drivers, Confederation of Free Transport of Bolivia and all the organized motor transport sectors that use CNG as fuel.
This will make it possible to obtain accessible credit lines for technological improvement in the CNG operation system, technological improvement in LNG conversion processes and the repair and maintenance of CNG dedicated vehicles. Likewise, these credits will be used to accelerate the implementation of the CNG 5th Generation Equipment Program and the CNG – LNG Service Station Authorization Program.
The Minister of Hydrocarbons stated that the transport sector will benefit from: payment facilities and adequate interest rates for obtaining lines of credit, technological improvement in conversion processes and a reduction in operating and maintenance costs; actions that will translate into greater benefits for drivers and their families. He also reported that the technology update will optimize the use of natural gas in motor vehicles (according to brand, year and type of vehicle).
On the other hand, the head of the EEC-GNV said that this economic reactivation is intended to reach approximately 72,000 jobs for the public transport sector and 5,000 indirect jobs in the activities of conversion workshops, requalification workshops, service stations and others.
Among other advantages of the program, the authorities pointed out that the incentives to use new natural gas technologies will make it possible to save resources in the country due to the decrease in liquid fuel imports. Moreover, knowledge and technology will be developed in the use of non-liquid fuels.
All these activities are carried out in coordination with the Ministry of Hydrocarbons, within the framework of the “Hydrocarbon Reactivation Agenda,” whose primary objective is to repower Bolivia’s economic activity through the development of the production chain with short, medium and long-term proposals.