PRC: LOAN PROGRAM FOR CLEAN BUS LEASING - FAR EAST HORIZON LIMITED
| Project Name | PRC: LOAN PROGRAM FOR CLEAN BUS LEASING - FAR EAST HORIZON LIMITED | |||||
| Project Number | 46928-014 | |||||
| Borrower/Company | Far East Horizon Limited |
|||||
| Country | China, People's Republic of |
|||||
| Location | ||||||
| Type or Modality of Assistance |
|
|||||
| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
|||||
| Drivers of Change | Private sector development |
|||||
| Sector / Subsector | Transport / Urban public transport |
|||||
| Gender Equity and Mainstreaming | No gender elements | |||||
| Responsible ADB Department | Private Sector Operations Department | |||||
| Responsible ADB Division | Portfolio Management Division, PSOD | |||||
| Responsible ADB Officer | Colquhoun, Zarema | |||||
| Project Sponsor(s) | ||||||
| Description | PRC: LOAN PROGRAM FOR CLEAN BUS LEASING - FAR EAST HORIZON LIMITED | |||||
| Objectives and Scope | To finance the leasing of clean buses. | |||||
| Status of Development Objectives | Some of the development objectives are yet to be achieved. | |||||
| Status of Operation/Construction | On-going. | |||||
| Linkage to Country/Regional Strategy | The program is fully in line with the priorities of ADB's country partnership strategy, 2011 2015 for the PRC. It is aligned, in particular, with the strategy's emphasis on mainstreaming climate change considerations and support for green finance. The program supports financial sector development, one of the private sector operational focuses identified in the country partnership strategy. It also supports the implementation of the PRC's twelfth Five-Year Plan, which accentuates resource conservation and environmental protection and attaches top priority to improving energy efficiency, reducing pollution emissions, and developing cleaner and renewable energy. |
| Safeguard Categories | |
|---|---|
| Environment | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| 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 | - |
| Credit Committee Meeting | 22 Oct 2012 |
| Approval | 15 Jan 2013 |
| PDS Creation Date | 14 Dec 2012 |
| Last PDS Update | 12 Mar 2019 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
| Title | Document Type | Document Date |
|---|---|---|
| Senior Loan - Clean Bus Leasing: Extended Annual Review Report | Extended Annual Review Reports | Sep 2016 |
| 中国: 清洁公共汽车租赁贷款项目: 项目数据表 | Translated PDS | May 2013 |
| Proposed Loan Program for Clean Bus Leasing | Reports and Recommendations of the President | Dec 2012 |
| Loan Program for Clean Bus Leasing | Initial Poverty and Social Analysis | Oct 2012 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
-
People's Republic of China: Cleaner Urban Transport for Clearer Skies
In the People’s Republic of China, cities are using innovative financing to modernize their public transport systems, clean the air, and decongest roads.