It's here: World's first transit elevated bus TEB-1 Debuts in Qinhuangdao. (Photo : YouTube/ Descubre tu Mundo)
China and Transit Elevated Bus, aka TEB, have gained media attention. However, this time around it is something not positive for it concerns mainly on the idle status of the elevated bus and its future in the busy streets of Chinese cities.
With the hopes of answering traffic issues in the busy streets of China, Transit Elevated Bus was introduced by TEB Technology Limited with the promise of carrying passengers over traffic. After generating a lot of buzz both on print and online media during its test run, the futuristic elevated bus has been subject to criticism and inquiry in the past days.
According to reports, the giant elevated bus in China, which was unveiled August this year had been collecting dust in its main hangar for almost two months now. Based on the local news, the company behind the 22-meter-long prototype futuristic bus, TEB Technology Limited, has been facing significant financial issues. Thus, resulting to the idle status of the giant bus in its test site.
Engadget reported that TEB's biggest financial backer, wealth Management Company called Huayingkailai, refused to provide further financial assistance to the company. As a result of the said bail out, TEB is now facing some debts and difficulties in keeping the project alive.
As a result of the said idle status and the lack of specific response from the mother company, complaints are being received by local officials for the giant bus has now become a giant roadblock, according to CNN. However, despite the complaints, there is still no assurance on how will the issue be resolved or when it would be resolved.
"The tracks are still there and we're aware that it causes transportation problems. I don't know much about TEB's future plans or what we will do with the tracks," a Qinhuangdao government official, who declined to be identified by name told CNN.
That being said, the company behind the Transit Elevated Bus is gradually being drenched in negative publicity, which would eventually affect their credibility and overall status as a company. Guess we would just have to wait and see how TEB will resolve the current issue.
