fbpx 46928-014: PRC: LOAN PROGRAM FOR CLEAN BUS LEASING - FAR EAST HORIZON LIMITED | Asian Development Bank

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

Nonsovereign (Private) Project | 46928-014 Status: Active

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

Project Details

Project Officer
Colquhoun, Zarema Private Sector Operations Department Request for information
Country
  • China, People's Republic of
Sector
  • Transport
 
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 75.00 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 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.

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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.

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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

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.

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