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

Nonsovereign Project | 46928-024

PRC: LOAN PROGRAM FOR CLEAN BUS LEASING - EVERBRIGHT FINANCIAL LEASING (EFL)

Project Details

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

Related Projects

Project Name PRC: LOAN PROGRAM FOR CLEAN BUS LEASING - EVERBRIGHT FINANCIAL LEASING (EFL)
Project Number 46928-024
Borrower / Company Everbright Wing ((Tiajin) Aviation Leasing Co., Limited
Country / Economy China, People's Republic of
Location
Type or Modality of Assistance
3107 Loan Ordinary capital resources USD 75.00 million Committed
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change
Sector / Subsector
Gender 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 - EVERBRIGHT FINANCIAL LEASING (EFL)
Objectives and Scope The loan is to finance leasing of clean buses.
Status of Development Objectives Some of the development objectives have 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 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 FI
Involuntary Resettlement FI
Indigenous Peoples FI
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 23 Jul 2012
Credit Committee Meeting 01 Oct 2012
Approval 15 Jan 2013
Last PDS Update 29 Jul 2021

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