ANZ Provides Green Asset Finance Loan to CDC Victoria for Electric Bus Fleet

Reuters
Oct 24
ANZ Provides Green Asset Finance Loan to CDC <a href="https://laohu8.com/S/VCCTF">Victoria</a> for Electric Bus Fleet

ANZ Group Holdings Limited has provided a major green structured asset financing facility to subsidiary companies associated with ComfortDelGro Corporation Australia $(CDC)$. The facility supports CDC Victoria in deploying more than 370 battery electric buses across 251 public and school routes in Melbourne, under a 10-year agreement with Transport for Victoria. This transaction is among the first green structured asset loans linked to the Victorian Government's Zero Emission Bus Transition Plan and aligns with the Asia Pacific Loan Market Association (APLMA) Green Loan Principles. The financing will also fund charging infrastructure and depot electrification, helping CDC Victoria transition to 100% zero-emission operations by 2034 and supporting the government's goal to replace 600 diesel buses, cutting carbon emissions by an estimated 45,000 tonnes annually.

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