Public bus firms report losses of over MOP50m in 2022

Public bus firms Transmac and TCM reported losses of more than 50 million patacas in 2022, according to their financial reports. Transmac suffered losses of MOP27.37 million, much more than the MOP8.32 million in losses reported in 2021. TCM, meanwhile, suffered losses of MOP23.6 million. Transmac and TCM have purchased 160 new electric buses last year, 200 of which are from TCM.