ComfortDelGro Australia gets ‘green’ loan to fund hybrids

ComfortDelGro Australia has secured a ‘green’ loan from OCBC Bank to finance a fleet of 50 hybrid buses in the state of Victoria.
By Ben Spencer February 24, 2020 Read time: 1 min
ComfortDelGro Australia receives funding for hybrid buses (Source: ComfortDelGro Corporation)

The manufacturer says each bus features a Volvo Paralell Hybrid driveline which reduces nitrogen oxide and particulate matter by up to 50% and lowers fuel consumption by up to 39% in mixed traffic.

Elaine Lam, head of global corporate banking at OCBC, says: “We hope this green loan by ComfortDelGro sends a positive message to encourage peer industry players to take steps to support sustainable urban development through green financing options.”

Delivery of the hybrid buses has already started with the last batch expected in mid-2022.

 

Mass Transit & MaaS

For more information on companies in this article

Related Content

  • Parifex gets green certification
    January 13, 2021
    French speed camera firm hopes its clients' own carbon footprints may see the benefit
    Read More
  • Australian transportation sector to remain stable through 2016, says Fitch
    July 28, 2016
    Fitch Ratings says in a newly published report, 2016 Mid-Year Outlook: Australian Transportation, that the agency's outlook on Australian transportation infrastructure is stable. It says toll roads will benefit from continuing healthy economic growth, while the weaker Australian dollar will help support ports with exposure to the commodity export sector. However, exposure to medium-term bullet debt could leave issuers vulnerable to refinancing risk in the event of a significant downturn in the Australian
    Read More
  • Olympic challenges in Sochi
    May 27, 2014
    Sporting events always create problems for traffic planners and none more so than the Winter Olympics. It is difficult to think of more diametrically opposite challenges for transport planners than the 2012 Olympics in London and this year’s Winter Olympics in Sochi: from a summer event in the heart of a megacity with well established transport infrastructure to winter games with unpredictable weather and events in remote and mountainous locations. The Winter Games are always a challenge and Sochi was no di
    Read More
  • Angoka receives £2.4m funding
    November 9, 2022
    Belfast-based cybersecurity firm's projects include communications for drone flights
    Read More

Highlighted Content