The Costa Rica News (TCRN) – Costa Rica carriers now have a fund of $200 million for bank loans in order to change buses and taxis vehicles to clean energy.

The State Bank of Costa Rica (BCR) announced that resources are available from a preferential credit line with help from the Governments of China, Japan and South Korea.

The goal, according to the Ministry of Environment and Energy (Minae), is for taxi drivers and bus owners to modernization their fleets of public service vehicles to achieve reduce pollution and the emission of greenhouse gases.

According to an official statement, the $ 200 million available in the fund, 100 million were provided by Chinese banks, Japanese banks 50 million and 50 million other Korean banks.

“The modernization of taxis and buses is a great first step in the transformation that Costa Rica should do towards clean transport and carbon neutrality,” said Environment Minister René Castro said in a statement.

Costa Rica has set the goal of being the world’s first carbon neutral country by 2021, this initiative should substantially reduce emissions from the transport sector, as recognized by the Minae.

The Costa Rica News (TCRN)
San Jose Costa Rica