A senior loan in USD with tenor of up to 8 years.
|Project Name||Green Transport Finance|
|Borrower/Company||Minsheng Financial Leasing Co. Ltd.
|Country||China, People's Republic of
|Type or Modality of Assistance||
|Strategic Agendas||Environmentally sustainable growth
Inclusive economic growth
|Drivers of Change||Private sector development
|Sector / Subsector||
Finance / Finance sector development
Transport / Urban public transport
|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||Colquhoun, Zarema|
|Description||A senior loan in USD with tenor of up to 8 years.|
|Objectives and Scope||MFL will use the proceeds of the ADB loan to finance (i) green vehicles, which include green buses as well as other commercial vehicles and passenger cars; and (ii) batteries and charging stations for electric vehicles. The green vehicle eligible for ADB financing will need to meet Euro V-equivalent emission standards and fall within at least one of these categories: (i) energy-efficient and new-energy vehicles as defined by the Government of the PRC; and (ii) vehicles running on cleaner fuel such as compressed or liquefied natural gas, or biomethane.|
|Linkage to Country/Regional Strategy||The project supports three strategic priorities identified by the Midterm Review of Strategy 2020: (i) environment and climate change, (ii) middle-income countries, and (iii) private sector development and operations. The proposed project supports the country partnership strategy priorities of managing climate change and the environment and supporting inclusive economic growth. It will also support finance sector development, a private sector operational focus identified in the country partnership strategy.The project fully supports ADB's Sustainable Transport Initiative, which focuses on creating transport systems that are accessible, safe, affordable, and environment-friendly. The Sustainable Transport Initiative Operational Plan states that ADB should help developing member countries overcome sector obstacles through the wider adoption of sustainable transport, and identifies urban transport as an area in which ADB should scale-up support for sustainability.|
|Summary of Environmental and Social Aspects|
|Environmental Aspects||MFL's operations under the ADB loan have minimal or no adverse environmental impacts.|
|Involuntary Resettlement||MFL's operations under the ADB loan are unlikely to entail impacts on involuntary resettlement.|
|Indigenous Peoples||MFL's operations under the ADB loan are unlikely to entail impacts on indigenous peoples.|
|Stakeholder Communication, Participation, and Consultation||MFL works with bus companies to understand their requirements. These companies are typically owned by local governments that are implementing broader government policy for a modal shift from private to public transport as well as the large-scale deployment of green vehicles. Through its longer tenor leases and close relationships with electric bus manufactures, MFL helps these companies deliver improved services to their stakeholders.|
|Timetable for assistance design, processing and implementation|
|Concept Clearance||14 Feb 2017|
|Credit Committee Meeting||28 Jun 2017|
|Approval||30 Aug 2017|
|Last PDS Update||12 Jun 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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|Title||Document Type||Document Date|
|Green Transport Finance: Initial Poverty and Social Analysis||Initial Poverty and Social Analysis||Aug 2017|
|Green Transport Finance: Report and Recommendation of the President||Reports and Recommendations of the President||Aug 2017|
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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