Intercity STC Coaches Ltd (STC) has signed a memorandum of understanding (MoU) with a Ghanaian firm, Mumuni Seidu Worldwide (MUUS), and its Chinese language accomplice, King Lengthy Automotive, for the operation of 100 buses within the nation.
The MoU between the 2 entities will see King Lengthy Automotive ship the buses to STC for operation, starting August, this 12 months. A short ceremony was held on the premises of STC yesterday at which the Managing Director of STC, Nana Akomea, and the Chief Government Officer (CEO) of MUSS, Dr Seidu Mumuni, initialed for his or her respective corporations.
Per the phrases of the settlement, the buses might be run on partnership foundation with a income sharing association that offers STC 20 per cent of the gross revenue, whereas MUSS takes 80 per cent.
MUSS will even decide up the duty for insurance coverage, pay drivers salaries, upkeep and different prices. Moreover, there’s a clause that offers STC the choice to purchase or lease the buses on mutually acceptable phrases.
Partnership
Explaining the street map for the partnership, Nana Akomea stated a delegation from STC would go to China to fulfill the producers, “and if the value is correct and the technical specs are proper, we’ve got the choice to purchase the buses.”
He stated when the technical committee was glad with the specs, the STC board would give approval for a proper contract to be entered into between the 2 entities.
The STC Managing Director described the MoU as a lift to the corporate’s quest to maximise its enterprise operations.
“We at STC are very glad to signal the MoU with our new companions. We’re glad to have them on board as a result of it’s a good time for the transport enterprise. The microeconomic surroundings is comparatively secure for us to do enterprise,” he stated.
Monitor report
For his half, the CEO of MUSS, Dr Mumuni, stated his firm would reside as much as its facet of the settlement. He stated the corporate had the observe report of delivering on its tasks and would do every thing doable to take care of a mutually helpful contract with STC.
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