THE Asian Development Bank (ADB) has approved loans of up to $100 million, or around P5.9 billion, for Ayala Corp. subsidiary AC Mobility Holdings, Inc. (AMHI) to build an electric mobility (e-mobility) ecosystem in the country.
The loan application was “approved” on Nov. 20, the multilateral development bank said on its website on Thursday.
The Ayala Electric Mobility Ecosystem Project sought an $85-million ordinary-capital-resources loan and a $15-million concessional loan from the ADB.
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