Green Transport Finance (ADB-51056-001)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Nation-wide
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 30, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Minsheng Financial Leasing Co. Ltd.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 30, 2019

Disclosed by Bank Sep 25, 2018


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Project Description

According to the bank document, the project will provide a senior loan in USD with a tenor of up to 8 years, which is used finance:

(i) green vehicles, which include green buses as well as other commercial vehicles and passenger cars; and

(ii) batteries and charging stations for electric vehicles.

The green vehicle eligible for ADB financing will need to meet Euro V-equivalent emission standards and fall within at least one of these categories:

(i) energy-efficient and new-energy vehicles as defined by the Government of the PRC; and

(ii) vehicles running on cleaner fuel such as compressed or liquefied natural gas, or biomethane.

Investment Description
  • Asian Development Bank (ADB)
Private Actors
Contact Information

Responsible ADB Division: Private Sector Financial Institutions Division

Responsible ADB Officer: Huang, Biao

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main