The winner of the tender will operate the buses for five years with a possibility of a two-year extension for good performance.
For a smooth transition with minimal inconvenience to commuters, bus services in the Bulim package will be rolled out in three tranches beginning in end May.
A second tender to operate bus services under the government contracting model was called by the Land Transport Authority yesterday.
The Land Transport Authority has called tender for operators to run the first public bus route package for five years, starting from 2016.
The new bus service operating model will be implemented first in the western part of Singapore, including Jurong East, Clementi and Bukit Batok.
The public bus industry will undergo a major shift in the way it is run starting from the second half of this year, in a move to improve bus services further.