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

  • Canada looks to HOT lanes to tackle congestion
    March 16, 2017
    David Crawford sees an evidence-based approach to HOT lane conversions. Canada’s first high occupancy toll (HOT) lanes opened on 16 September 2016 as a pilot on a 16.5km section of existing high occupancy vehicle (HOV) lanes running in both directions along Toronto’s Queen Elizabeth Way. Promised in two recent budgets
    Read More
  • Truck platooning: the evidence is complex
    February 6, 2020
    A number of claims are made for the value of truck platooning. David Crawford looks at the figures from a new set of examples which suggest that the situation is more complex than you might think
    Read More
  • Spanish city to test 200 EVs
    May 9, 2013
    The Spanish city of Malaga is to participate in the four-year Zem2All project to study the impact that the use of electric vehicles (EVs) have on the city. During the tests an in-depth study of the impact of EVs on the electricity grid will be carried out and the conditions for a widespread use of electric cars will be analysed. Researchers say results should provide information on the impact and management of e-mobility resources in cities of the future, ranging from the use of cars, charging infrastructur
    Read More
  • Ukraine, Poland ‘boast the most modernised infrastructure in eastern Europe’
    November 13, 2012
    Preparations for hosting the major sporting event, the Euro 2012 European football championship, enabled Ukraine and Poland to give their infrastructure the biggest facelift in the region and beyond. While three-quarters of Poland's expenditure was covered by EU funds, Ukraine financed the building of roads, hotels, and airports itself. Ukraine, however, did receive a EUR 2.2 billion loan from the European Bank for Reconstruction and Development (EBRD). "The infrastructure sector will definitely remain one
    Read More

Highlighted Content