Tuesday, 10 May 2011 12:14
President Benigno S. Aquino III bared a five-fold funding increase for rolling out of electric-powered tricycles “E-trike” in efforts to address not only the rising fuel prices but also the pollution problem in Metro Manila.
In an informal press briefing with the Malacanang Press Corps on Saturday, the Chief Executive said the Asian Development Bank (ADB) will be increasing financial support to the government’s E-trike program from an originally planned 20,000 units to 100,000 electric tricycles.
“This is another bit of good news, which is testament to the international financial community's confidence in the Philippine government,” the President said.
The President, together with the ADB launched the e-trike pilot project in Mandaluyong City recently, that seeks to eventually replace most of the nation's gasoline-fed tricycles with environment-friendly lithium-battery powered trikes aimed at cutting down on pollution and gasoline consumption.
Rising fuel costs have adversely affected tricycle drivers and operators, prompting the government to extend them limited financial assistance under the "Pantawid Pasada Program".
The 500-million-dollar project would include the putting up of charging stations. Ten of the E-trikes can seat six to eight passengers, and come with a six kilowatt-hour-lithium ion battery that can run a tricycle to a distance of 80 to 100 kilometers with a single charge.
The rest are equipped with a three-kilowatt-hour battery that needs to be charged within only 20 minutes after 40 to 50 kilometers of travel.
President Aquino is in Indonesia to participate in the 18th Association of Southeast Asian Nations (ASEAN) Summit. (PNA)
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