ADB $275 million loan for “Green” Buses in People’s Republic of China
More public buses with lower greenhouse gas (GHG) emissions will soon be deployed on the roads of major cities in the People’s Republic of China (PRC) as the Asian Development Bank (ADB) helps bus operators shift their fleets to cleaner fuel. ADB has earmarked $275 million for up to five top-tier financial leasing companies in PRC to finance leased buses that run on cleaner fuel – such as compressed natural gas (CNG) and liquefied natural gas (LNG) – as well as electric and hybrid buses.