FDN funds electric buses in Bogotá

FDN funds electric buses in Bogotá

Loans Colombia China Europe Project & Infrastructure Finance

Colombian development bank Financiera de Desarrollo Nacional (FDN) said Thursday that it granted COP305 billion ($86 million) in financing for the acquisition of 259 electric buses in the city of Bogotá. The financing, which also covers replacement batteries for eight years, involves two credit lines and a liquidity line for COP30 billion, FDN said in a press release. The borrower, Electribús, acquired the buses from Chinese manufacturer BYD as part of a 15-year concession contract with the Bogo

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