According to the AIIB, the objective of the project is to promote trade and investments in Yingkou City through upgrading intelligent and low-carbon infrastructure in Yingkou Free Trade Zone and Liaohe Economic Development Zone.
Yingkou is an important coastal city in Liaoning province in Northeast China. It is closely connected to East Asian and Pacific economies through the Yingkou port, located in Liaodong Bay, while the extensive railway network makes it a trade and logistics hub in the Northeast China. The inland road/rail connections facilitate trade nationally and, at the same time, international rail corridors (China Railway Express) provide trade linkages to Central Asia and Eastern Europe.
The Project will further assist in the development of the city and Yingkou port as regional logistics hub and increase economic growth by diversifying imports and exports. The Project is supporting the following components:
- Component 1: Liaohe Economic Development Zone (Liaohe EDZ) South Expansion: Liaohe EDZ will be expanded by financing priority infrastructure over an additional area of approximately 4 square kilometers.
- Component 2: Yingkou Free Trade Zone (Yingkou FTZ): development of priority infrastructure and facilities within the dry port hub industrial park and comprehensive bonded zone to address infrastructure gaps within the Yingkou FTZ. A new railway station, with dedicated railway tracks, loading and unloading yards and other ancillary infrastructure are also proposed under this component to serve the FTZ through rail transport.
AIIB Team Leader:
Ghufran Shafi - Senior Investment Operations Specialist, Water & Urban
Borrower - Government of China:
Jikang Wang - Officer, Department of International Economic and Financial Cooperation, Ministry of Finance
Implementing Agency - Yingkou Municipal Development and Reform Commission:
Qiuchi Wang - Vice Chairman
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan 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 AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó 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