ADB lending $1 billion to PH for electric buses in Davao abs-cbn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abs-cbn.com Daily Mail and Mail on Sunday newspapers.
MANILA (Reuters) - The Asian Development Bank approved on Thursday a $1 billion loan to help one of Philippines largest cities procure a fleet of more than 1,000 electric buses, in an important step towards modernising the country s ageing public transport system.
Philippines gets $1 billion ADB loan for electric bus program philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
ADB Loan: "Not only will this support the Philippines climate goals, but it will help to improve the lives of vulnerable populations especially women and the young who use public transport daily," said ADB Senior Transport Specialist for Southeast Asia Shuji Kimura.