$500M e-tricycle project to start this year
By: Amy R. Remo
Philippine Daily Inquirer
2:57 am | Wednesday, June 6th, 2012
The Asian Development Bank is set to start implementing this year the
$500-million electric tricycle project, which will see the rollout of as
many as 100,000 units within the next four years.
Of the funding, $300 million will come from the ADB, $100 million from
the Philippine government, and another $100 million from the Clean
Technology Fund.
Sohail Hasnie, principal energy specialist at the ADB, told reporters
that the prequalification of suppliers and/or manufacturers for the
project was expected to start next month.
Before the end of this year, Hasnie said he was expecting at least 100
of these e-trikes to start plying Philippine roads.
The main plan was to initially roll out 20,000 units on key islands,
such as Boracay and Puerto Princesa, and in some parts of Metro Manila.
After this, a study will be conducted to determine whether the use of
e-trikes works according to the project objectives and yields the
benefits targeted by the ADB and the Philippine government.
Only after the initial batch is proven successful will the ADB proceed
with the rollout of the remaining 80,000 units, he added.
According to Hasnie, the ADB is also looking into putting up five pilot
charging stations to ensure the viability and sustainability of the
e-trikes project. The target, he added, was to make sure that the cost
of power used by the e-trikes would be much lower than the cost of fuel
used by regular tricycles.
At present, more than 3.5 million motorized tricycles are operating in
the country, producing more than 10 million tons of carbon dioxide and
using nearly $5 billion worth of imported fuel yearly.
--
------------------------------------------------------------------------
CARLOS ANI - International Microfinance Consultant - SEEDFINANCE Corporation Chairman
Mailing address: PO Box 90 UPLB Los Banos Laguna, Philippines 4031
Emails: carlosani@gmail.com , carlosani@seedfinance.net
Landline Phone: +63495010127 (PLDT)
Cellphone Numbers: +639152919580 (Globe) and +639328590859 (Sun)
Websites:
CARLOSANI.COM - http://www.carlosani.com
DEVJOBS - http://www.devjobsmail.com
PHILDEVFINANCE - http://phildevfinance.posterous.com
http://phildevfinance.blogspot.com
Family website - http://www.anifamily.net
SEEDFINANCE Corporation - http://www.seedfinance.net
My News Clippings - http://www.myclipps.posterous.com
Skype name: carlosaniph
-----------------------------------------------------------------------
