$280m for tricycle phase-out eyed

by Othel V. Villanueva


THE Asian Development Bank is offering the Philippine government as much as $280 million in loans to finance a proposed refleeting program for tricycle drivers and operators to shift to electric motorbikes or e-bikes.

“The loan will be coursed through ADB conduit banks like Land Bank for relending to tricycle drivers who may want to shift into using e-bikes,” Environment Secretary Ramon Jesus Paje told reporters in a briefing Tuesday.

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