FDN funds electric buses for TransMilenio

FDN funds electric buses for TransMilenio

Debt Loans Project & Infrastructure Finance Colombia France

Colombian development bank Financiera de Desarollo Nacional (FDN) said it has granted a COP342 billion ($82.6 million) loan for the TransMilenio transit system in Bogotá to buy electric buses. FDN will provide a 14-year senior to cover 66% of the financing and also put in a liquidity line for COP60 billion. French development agency Proparco will supply the remaining 33% of financing, FDN said in a securities filing on Thursday. The money will be used to purchase 406 electric buses from Green Mó

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