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TRUCKS PURCHASE PROSPECTS * Chile - Government Launches Truck-Exchange Program To Save Fuel
Santiago,Chile -Dow Jones Newswires, by Julian Dowling -4 Sept 2009: -- The Chilean government launched Friday a new program to take 500 old trucks off the road and replace them with more fuel-efficient newer models to reduce fuel consumption and cut emissions... The program, known as 'Change Your Truck,' will exchange 500 old trucks, built before 1984, for the same number of new vehicles by the end of 2010... To achieve this, the government will offer truck owners subsidies ranging from 4 million to 12 million Chilean pesos ($7,273-$21,818) per truck, depending on the vehicle's weight... The program is aimed at truckers and small cargo transport companies that have difficulty financing the purchase of new trucks, the energy ministry said in a statement... The program is part of the ministry's national plan to improve energy efficiency in the transport sector and especially the cargo transport sector that has important potential fuel savings... The transport sector overall is responsible for 35% of Chile's total energy consumption, the statement said... According to previous media reports, the project will cost the government about CLP4 billion... (Photo from truck-photos.net.s3.amazonaws: An old MB 1114)
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