New Energy Bus Procurement Project Phase （II） of Hangzhou Public Transport Group Co., Ltd.
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 350 pure electric buses, including 160 buses which are 10-meter-long and 190 buses which are 12-meter-long, to replace some of the buses for the trunk lines. The project belongs to the category of energy-saving and energy efficiency enhancement. By using new pure electric 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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