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

  • March 4, 2025
    Manchester extends Metrolink tap and go to trams and buses
    UK city will soon have integrated payment in same way as capital London
    Read More
  • July 15, 2016
    EBRD finances road repairs and upgrades in Eastern Europe
    The European Bank for Reconstruction and Development (EBRD) is providing a sovereign loan of up to US$86 million (€65 million) to Bosnia and Herzegovina to support an infrastructure programme aimed at repairing and upgrading the country’s road network, which has been damaged by severe floods in recent years. The improvements to the network will support regional connectivity, making it easier for domestic companies to transport their products to local and regional customers. Supporting regional integratio
    Read More
  • October 21, 2016
    Caltrans takes the long view of transport
    Caltrans’ Malcolm Dougherty took time out of his schedule at ITS America 2016 in San Jose to talk to ITS International about current and future challenges. As director of California Department of Transportation (Caltrans) since mid-2012, many would say that Malcolm Dougherty has one of the best jobs in transportation. Caltrans is one of the most progressive and innovative transport authorities, implementing policies to encourage cycling, piloting new
    Read More
  • September 4, 2018
    ITS instrumental in reducing Texan congestion
    ITS projects in the Houston area have seen costs crunched – and even a system failure has proved valuable in analysing performance. David Crawford reports on developments in the Lone Star state Savings by Texan public agencies are major factors in the recent ITS Texas awards, recognising beneficial initiatives in bridge strike prevention and traffic intersection control. In the first, the Texas Department of Transportation (TxDOT)’s Houston District, covering the state’s most populous city and its surround
    Read More

Highlighted Content