An HSBC-financed 'clean' bus
HSBC acted as an adviser and structured finance arranger in 2010 for Johannesburg's Rea Vaya Bus Rapid Transit Project, the first of its kind in Africa. We had already arranged finance for bus rapid transit projects in Santiago in Chile and in Mexico City.
The brand-new fleet of articulated buses runs on low-sulphur diesel and has advanced pollution reduction equipment to improve air quality. The buses, which operate in dedicated high-speed corridors, will reduce carbon dioxide and nitrogen oxide emissions by thousands of tonnes per year. The scheme has also improved access to public transport for low-income groups in South Africa.