China, People's Republic of: PRC: LOAN PROGRAM FOR CLEAN BUS LEASING - EVERBRIGHT FINANCIAL LEASING (EFL)

Nonsovereign Project | 46928-024 Status: Active

Summary

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Project Name PRC: LOAN PROGRAM FOR CLEAN BUS LEASING - EVERBRIGHT FINANCIAL LEASING (EFL)
Project Number 46928-024
Borrower/Company INDUSTRIAL BANK FINANCIAL LEASING
EVERBRIGHT FINANCIAL LEASING CO.
FAR EAST HORIZON LIMITED
Country China, People's Republic of
Location PRC
Approval Number 7404/3107
Type or Modality of Assistance
7404/3107 -1 US$ 0.00 Approved
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change
Sector / Subsector

Transport - Transport policies and institutional development

Gender Equity and Mainstreaming No gender elements
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Financial Institutions Division
Responsible ADB Officer Biao Huang
Project Sponsor(s)
Objectives and Scope
Linkage to Country/Regional Strategy

Summary of Environmental and Social Aspects

Environmental Aspects The program will have no or only minimal environmental impacts.
Involuntary Resettlement The program will fund the leasing of buses running on cleaner fuels, buses that are energy-efficient or use new energy sources, and conventional buses that meet the most advanced environmental regulatory thresholds for emissions. The project will not cause involuntary resettlement impact.
Indigenous Peoples The program will fund the leasing of buses running on cleaner fuels, buses that are energy-efficient or use new energy sources, and conventional buses that meet the most advanced environmental regulatory thresholds for emissions. The project will not impact on Indigenous Peoples (IPs) or IP communities.
Stakeholder Communication, Participation, and Consultation During program preparation, ADB had consultation or discussions with (i) five FLCs, (ii) urban or intercity public transport operators ; (iii) the state tourism asset holding company in Hubei Province, (iv) transport IT system developer in Shanghai; (v) a bus manufacturer based in Wuhan; (vi) the China Banking Regulatory Commission, the Ministry of Finance, and local government departments; (vii) potential cofinancing partners; and (viii) a public transport operator in France that may be a potential partner in providing technical assistance.

Timetable for assistance design, processing and implementation

Concept Clearance -
Due Diligence
Credit Committee Meeting -
Approval -
Last PDS Update 10 Jun 2016

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Safeguard Documents See also: Safeguards

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Evaluation Documents See also: Independent Evaluation

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Related Publications

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