June 15, 2017
Sajha Yatayat, public transportation bus system in Nepal which serves Kathmandu Valley, has signed an agreement with an Indian automobile manufacturing company, Ashok Leyland, to purchase twelve deluxe buses and one semi-floor bus.
The 40-seater buses will be bought at Rs 50 million shares from the Kathmandu Metropolitan City (KMC). The chief executive officer of Sajha Yatayat, Mahendra Raj Pandey, said that the company will buy the buses as soon as they get the money from the metropolis.
Pandey said that once they collect the money from the KMC, they will open Letter of Credit. He also said that the cooperative will hand over a share certificate to the metropolis.