ADB extends loan
Source: Xinhua |
January 16, 2013, Wednesday
|
Print Edition
Print Edition
THE Asian Development Bank has extended a US$275 million loan to China to help its bus operators shift their fleets to cleaner fuel, a move that is seen to cut growing air pollution in Chinese cities.
The Manila-based lender said yesterday the loan will be given to five top-tier financial leasing companies in China to fund 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.
The Manila-based lender said yesterday the loan will be given to five top-tier financial leasing companies in China to fund 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.
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