Canberra Metro’s Light Rail Project is leading the way in low carbon transportation, under an Australian-first financing agreement supported by Commonwealth Bank (CBA).
CBA has helped Canberra Metro to refinance its $286 million debt facility with a Green Loan – the first certified Green Loan to be executed by a transport Public Private Partnership (PPP) in the Australian market.
The financing, for the initial stages of the Canberra Light Rail Project, has Climate Bond Initiative certification under the Low Carbon Transport Criteria. CBA was a joint green coordinator for the transaction.
Projects qualify for green loans based on a number of sustainable management criteria such as renewable energy use, energy efficiency, clean transportation, pollution control, and climate change adaptation.
Canberra Metro is running on 100 per cent renewable electricity and utilising environmentally friendly measures across its operation.