ADB Extends $275m Loan to Finance More Green Buses in China
18 January 2013
www.chinabuses.org: More public buses with lower greenhouse gas (GHG) emissions will soon be deployed on the roads of major cities in China as the bus operators shift their fleets to cleaner fuel, according to the Asian Development Bank (ADB).
The Asian Development Bank has extended a 275 million U.S. dollar loan to China to help its bus operators shift their fleets to cleaner fuel a move that is seen to reduce the growing air pollution in Chinese cities.
The Manila-based lender said Tuesday that the loan will be given to five top-tier financial leasing companies in China to finance leased buses that run on cleaner fuel such as compressed natural gas and liquefied natural gas as well as electric and hybrid buses. The financing program is estimated to lease at least 5,000 clean buses by 2018, to be deployed in key cities and help China cut its carbon emissions.
Source : www.chinabuses.org
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