ADB Finances Electric Ferries in Thailand - First in Southeast Asia

[snoop1130]

 

BANGKOK, April 28 – The Asian Development Bank (ADB) and Energy Absolute Public Company Ltd. signed a 160 million Thai baht ($4.7 million) loan agreement to finance an electric ferry fleet for mass rapid transport in Bangkok—the first such transport system in Southeast Asia. 

 

ADB led the structuring of the financing for the 600 million Thai baht project. It includes a $3.6 million concessional loan from the Clean Technology Fund, which finances the demonstration, deployment, and transfer of low-carbon technologies with significant potential for long-term greenhouse gas emissions savings, as well as investments from the Japan International Cooperation Agency and Export–Import Bank of Thailand.

 

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“This project is a fine example of ADB’s leadership in climate finance and supporting green technologies that help our developing member countries meet the Sustainable Development Goals,” said ADB Vice-President for Private Sector Operations and Public–Private Partnerships Ashok Lavasa.

 

Full Story: https://tna.mcot.net/english-news-932692

 

-- © Copyright Thai News Agency 2022-04-28

 

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[Megasin1]

wow !!! that amount amount will go far !!! lol .... on a fleet ???? tuk tuks with big inflatable wheels ? can't wait to see these. #cleans rug in preparation for lots of ROFL