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.

For more information on companies in this article

Related Content

  • Personal Rapid Transit, clear benefits for European cities
    July 26, 2012
    David Crawford watches the race to get the world's first PRT system up and running. To paraphrase the old joke about buses bunching, you seem to have to wait several decades for a Personal Rapid Transit (PRT) system, and then half a dozen come along together. Currently, in fact, there are well over that number of schemes for driverless electric passenger-carrying 'pod' networks at various stages of planning, design and implementation around the world. Locations range from a straight-off-the-drawing board ne
    Read More
  • Funding to modernise key areas of Sofia’s urban transport system
    April 19, 2012
    The European Bank for Reconstruction and Development (EBRD) is planning to provide the Bulgarian capital of Sofia with a series of loans to support the modernisation of the city’s public transport system. The financial package of four loans worth a total of €24.96 million (US$35.6 million) will increase the quality, safety, accessibility and also the energy efficiency of transportation in the city.
    Read More
  • Close shave for Brazilian project
    June 12, 2015
    Signing the order to equip a new control room just 45 days before the city hosts a major sporting event is challenging - but some deadlines just cannot be moved. There is nothing like a deadline to concentrate minds and effort as Mitsubishi and the Brazilian city of Belo Horizonte discovered in the run-up to the 2014 World Cup. Although municipal authorities had been considering a new command centre for years, it was the hosting of the World Cup last summer that provided the final impetus.
    Read More
  • Full analysis: Massive US EV infrastructure plan
    February 21, 2023
    The White House has announced a huge financial boost, new standards, and major progress for a made-in-America national network of EV chargers to support the future of US EV charging
    Read More

Highlighted Content