June 27, 2022 |
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
Colombian development bank supplies an $83 mln loan to cover 66% of financing for Green Móvil as France's Proparco puts in the rest