China, People's Republic of: PRC: LOAN PROGRAM FOR CLEAN BUS LEASING - FAR EAST HORIZON LIMITED

Nonsovereign Project | 46928-014

PRC: LOAN PROGRAM FOR CLEAN BUS LEASING - FAR EAST HORIZON LIMITED

Project Details

  • Project Officer
    Guadix Martin, Pablo A.
    Private Sector Operations Department
    Request for information
  • Country
    China, People's Republic of
  • Sector
    • Transport

Related Projects

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
2986 Loan Ordinary capital resources USD 100.00 million Committed
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 Guadix Martin, Pablo A.
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 In progress
Status of Operation/Construction Operation
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 with the strategy 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 funded 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 program does not cause involuntary resettlement impact.
Indigenous Peoples The program funded 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 program does 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 co-financing 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 02 Aug 2021

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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

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Related Publications

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