Market Transformation through Introduction of Energy Efficient Electric Vehicles Project

PROJECT SNAPSHOT

GENERAL INFORMATION

TitleMarket Transformation through Introduction of Energy Efficient Electric Vehicles Project

Project id

XCTFPH059A

Country

Philippines

RegionAsia

Program

Clean Technology Fund (CTF)

Programming Type IP

Status

Closed

FINANCING

Approved Amount (USD MILLION)

104.76

FINANCIAL PRODUCT (USD MILLION)

Non-Grant : 7.41

Grant : 0.07

CIF Funding

7.49

Co financing

399

Committee approval date

10/12/2012

MDB approval date

12/11/2012

Closure Date

01/09/2020

MDB / IMPLEMENTING PARTIES

Asian Development Bank

SECTOR TYPE

Public Sector

DOCUMENTS

Document Links

Project Document

Decision Document

More Information

Motor Vehicle Parts Manufacturers Association of the Phils (August 12, 2012)
Climate Action Philippines/Aksyon Klima | Article | HR 2562 | HR 2633 (August 28, 2012)
United Kingdom (September 5, 2012)
Germany (September 5, 2012)
World Resource Institute (September 5, 2012)

PROJECT FINANCING

APPROVED CIF FUNDING

$7.49M

EXPECTED CO-FUNDING

$399M

SOURCES OF EXPECTED CO-FINANCING

Government

25% (99M)

MDB

75% (300M)

Source	Data
Government	25% (99M)
MDB	75% (300M)

Data as of December 31, 2023

THIS PROJECT CONTRIBUTES TO THE FOLLOWING SUSTAINABLE DEVELOPMENT GOALS (SDGS):

IMPLEMENTING PARTNERS

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