Philippines gets $1b ADB loan for electric bus programme

Philippines gets $1b ADB loan for electric bus programme

File photo: A worker walks past inside the Asian Development Bank (ADB) headquarters in Manila June 17, 2009. REUTERS/Cheryl Ravelo

The Asian Development Bank approved on Thursday a $1 billion loan to help one of Philippines’ largest cities procure a fleet of more than 1,000 electric buses, in an important step towards modernising the country’s ageing public transport system.

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