ADB and Energy Absolute Public Company Ltd. signed a 160 million Thai baht ($4.7 million equivalent) loan agreement to finance an electric ferry fleet for mass rapid transport in Bangkok. It is the first electric ferry system in Southeast Asia. The loan will finance the operation of 27 e-ferries along the Chao Phraya River in Bangkok. Each ferry can comfortably carry up to 250 passengers per trip. The project will reduce greenhouse gas emissions by an estimated 18,900 tons of carbon dioxide equivalent a year. Read more here. ADB Finances Electric Ferries in Thailand — First in Southeast Asia