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ADB to support electric mobility system in Philippines

MANILA, Jan. 27 (Xinhua) — The Asian Development Bank (ADB) has signed a financing package of up to 100 million U.S. dollars to support Ayala Corporation’s contributions to developing an electric mobility ecosystem in the Philippines, the multilateral lender said Monday.

The ADB said the funding will be used to procure and install electric vehicle charging stations (EVCS) and to purchase electric vehicles for c