Active Development AidData Chinese Aid

King Long United Automobile Industry and ICBC provide 300 LNG buses to Peru

Funder	Industrial and Commercial Bank of China (ICBC)
Recipient Organization	Lima Vías Express SA
Country	Peru
Start Date	Apr 03, 2012
End Date	Aug 31, 2030
Duration	6,724 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`73076`

Grant Description

King Long United Automobile Industry and ICBC provide 300 LNG buses to Peru On April 3, 2012, King Long United Automobile Industry (Suzhou) Co., Ltd. (Higher Bus Company) and Lima Vías Express SA signed a cooperation agreement, stipulating that Higher Bus Company will provide 300 LNG buses to Lima Vías Express SA for public transportation through a financial leasing program.

The Industrial and Commercial Bank of China (ICBC) will provide financing for the project.

Information regarding a project to renovate Lima's transportation with natural gas vehicles ("Proyecto de Renovación Vehicular de la Ciudad de Lima con Buses a Gas Natural Vehicular") using King Long brand buses is available, citing the price of each bus as about 195,000 USD including transport fees, insurance, and other associated costs.

📋 Loan / Grant Terms

💰 Loan Amountis coming from for this project

💹 Interest Rate8.5%

🔁 Repayment Period8 years

The proposal for this project is sponsored by a different Peruvian company, indicating the project may have been suspended, cancelled, or changed implementing companies. However, no evidence is available that the project to acquire these buses was ultimately carried out.

📋 Staff Comments

Although there is no date on the 'Exposition del Proyecto de Renovación...' source, the associated company, Peru Cetu SA, was not created until 2015.

📚 Sources & References

高金宝参赞出席苏州海格客车公司与利马客运联合体合作项目启动仪式
Exposición del Proyecto de Renovación Vehicular de la Ciudad de Lima con Buses a Gas Natural Vehicular. Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Lima Vías Express SA

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