March 19, 2021
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
Colombian development bank provides $86 mln for Ashmore-led Electribús to buy 259 vehicles from China's BYD