Report No. 70290-ge


Public-Private Partnership



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Public-Private Partnership. MOF’s PPP scheme allows vehicle owners to receive several layers of financial incentives to participate in the vehicle scrapping-and-recycling program. MOF provides some public funding, including payments for surrendered vehicles, and exemptions from sales tax and custom fees for vehicle owners. Participating automobile dealers offer new vehicles at 25-30 percent below market rates. New vehicles are financed with a below-market-rate interest loan from participating banks, and MOF provides a loan guarantee in special cases. Owners are offered the option to participate in an advertising schemean advertising agency pays a portion of revenue to the lending bank to underwrite some of the vehicle owners’ debt service payments. Owners pay a reduced fee for maintenance, spare parts, and insurance for all new taxis against all standard casualties (theft, fire, accidents, etc.). Under this program, 12 vehicle options are available as replacements. Incentive assistance helps vehicle owners to repay the car loan in fewer than six years, on average.

Estimated project cost (2010-2018)

Estimated average benefit to vehicle owners





Source: ESMAP (2010)


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