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.
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