ADB to provide loan for e-trikes

The Asian Development Bank (ADB) is ready to provide a loan package worth up to US$500 million for developing an electric tricycle (e-trike) system in three to five years.
February 2, 2012 Read time: 1 min
The 2128 Asian Development Bank (ADB) is ready to provide a loan package worth up to US$500 million for developing an electric tricycle (e-trike) system in three to five years. The e-trikes project, which will be capable of supporting between 20,000 and 100,000 tricycles, will be carried out in Mandaluyong city, Philippines. The vehicles are capable of travelling up to 100km, using a six-kilowatt-hour battery. ADB says it is planning to carry out similar projects in other countries that are interested in having such public electric transport systems.

Related Content

  • August 30, 2019
    Gui’an gets $199m traffic management loan
    The Asian Development Bank (ADB) has approved a $199 million loan to help develop traffic management systems in the Chinese city of Gui’an. Susan Lim, ADB senior transport specialist for East Asia, says: “This project will serve as an example of how the People’s Republic of China and other countries can address the downsides of rapid urbanisation, such as high CO2 emissions, which have impacts well beyond national boundaries, and traffic jams and road safety.” The city, in Guizhou Province, will use the m
    Read More
  • November 8, 2012
    ADB calls for ‘inclusive, sustainable’ transport
    The Asia development Bank (ADB) is calling for countries in Asia, including the Philippines, to invest heavily in "inclusive" and "sustainable" transportation systems if they want to spur economic growth and reduce poverty. "Without appropriate and adequate transport, countless millions of people lack access to jobs, markets, hospitals and schools. Regional connectivity remains a major challenge for many countries," ADB President Haruhiko Kuroda said in his speech during the second day of the "Transport For
    Read More
  • October 22, 2020
    ADB funds Xiangtan smart city ambitions
    Bank will help realise 60km of bus lanes with signal priority in Chinese municipality 
    Read More
  • August 14, 2023
    Gebrüder Weiss gets creative with last-mile delivery in Croatia
    Electric tricycles used for private homes and companies on islands of Rab and Lošinj
    Read More

Highlighted Content