Funding agreement signed to procure 1,200 e-buses in Thailand

The Energy Absolute Public Company Limited (EA) has signed a THB3.9 billion funding agreement with the Asian Development Bank (ADB), the Japan International Cooperation Agency (JICA), and the Export-Import Bank of Thailand (EXIM Thailand) for the purchase of 1,200 electric buses (e-buses) in Thailand. The electric buses will replace internal combustion engine buses in Bangkok, supporting the use of clean public transport in the country. 

The financing package comprises THB1.3 billion loans each from ADB, JICA, and EXIM Thailand. The total project cost is THB6 billion. The e-buses will support the public transport services of Thai Smile Bus Company Limited and its subsidiaries in Bangkok, covering 123 routes, nearly half of the total public bus routes.