2020-03-10
On March 2, 2020, the project was approved with the China CDM Fund concessional loan of RMB 69 million, guaranteed by the Hangzhou Branch of Industrial Bank.
The main component of the project is to purchase 360 pure electric buses which are 12-meter-longto replace some of the buses for the trunk lines. The project belongs to the category of energy-saving and energy efficiency enhancement. By using pure electric new energy buses to replace oil-electric hybrid buses and diesel buses, the project can lower the consumption of conventional fossil energies and thereby reduce greenhouse gas emissions.
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