46928-024: PRC: LOAN PROGRAM FOR CLEAN BUS LEASING

Project Data Sheet (PDS): Overview

Description

Subject to the program limit of $275 million, ADB will provide term loans under the program of up to $100 million (or CNY equivalent) per borrower to finance the leasing of clean buses.17 These loans will have maturities of up to 8 years from the date of the signing of legal documentation. Subject to demand, up to 10% of loan proceeds per borrower can be used to finance the leasing of IT and management systems that will increase bus fleet operating efficiency. Lease financing for clean buses ... Read More

Country China, People's Republic of
Borrower/Equity Investment Name EVERBRIGHT FINANCIAL LEASING CO.
Project Number 46928-024
Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7404
Approval Date 15 Jan 2013
Geographical Location PRC
Sector Not yet classified
Subsector For Classification

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