According to the bank document, the proposed Project is to construct a liquefied natural gas (LNG) terminal in Binhai District, Tianjin Municipality, which includes two components:
(i) construction of LNG receiving, storage and regasification facilities with an annual handling capacity of 5 million tons of LNG; and
(ii) construction of unloading wharf. AIIB financing is planned to be used in the construction of LNG receiving, storage and regasification facilities under the first component.
The objective of the proposed Project is to support China’s transition to a low-carbon energy supply structure and accelerate air quality improvement in the region of Beijing, Tianjin and Hebei (the BTH region) by increasing the availability of natural gas to help replace and reduce coal consumption.
AIIB loan US$ 500.0 million
Beijing Municipal Government US$ 571.6 million
Implementing Entity US$ 833.6 million
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|Beijing Gas Group Co Ltd
1/ AIIB Contact:
Name: Mr. Hongliang Yang
Title: Senior Investment Operations Specialist of AIIB
2/ Borrower Contact:
Name: Ms. Su Han
Title: Senior Advisor Department of International Economic and Financial Cooperation.
Ministry of Finance
3/ Implementing Entity
Name: Ms. Yan Kang
Title: Chief Finance Officer.
Beijing Gas Group Company Ltd
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides “an opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIB’s failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.” Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html.
The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html.