Green Transport Finance: Report and Recommendation of the President

The report and recommendation of the President to the Board of Directors (RRP) document describes the terms and conditions of a project for consideration and approval by ADB's Board of Directors. This document dated August 2017 is provided for the ADB project 51056-001 in the People's Republic of China (PRC).

This loan to Minsheng Financial Leasing Co. Ltd. (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.