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

  • Co-funding available for European sustainable mobility projects
    March 28, 2014
    CIVITAS Capital is offering co-funding of up to 50 per cent for urban mobility projects. To be eligible, projects must focus on one of six topics: integrated planning; urban freight logistics; demand management strategies; transport telematics; safety and security; and clean fuels and vehicles. The project is supporting the take-up of sustainable urban mobility measures through an Activity Fund. This co-financing mechanism will encourage the transfer of successful measures from ‘pioneer’ cities to ‘take-
    Read More
  • Driverless Russia: Look – no hands!
    March 26, 2020
    Russia is betting on the importance of driverless cars as the country’s transport system develops in the years to come.
    Read More
  • The challenging European road to carbon neutrality and the need for distance-based charging
    November 1, 2023
    Fuel taxes are falling and EVs have the potential to create social equity issues. The answer may lie in expanding the use of technology which has successfully been used for two decades with trucks
    Read More
  • MEPs call for action to reduce air pollution and traffic congestion
    December 3, 2015
    Ambitious emissions limits and a timeframe for real-world emissions testing should be set, say MEPs in a resolution on sustainable urban mobility adopted on Wednesday. Reliable public transport, car-sharing as well as ICT-enabled traffic management and working practices would help reduce traffic congestion and air pollution. Measures to improve conditions for cycling and walking should be taken, they add.
    Read More

Highlighted Content