China: Shaanxi Ankang Green and Low-Carbon Demonstration Urban Development Project (AIIB-000696)

Countries
  • China
Geographic location where the impacts of the investment may be experienced.
Specific Location
Ankang City
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Government of the People's Republic of China
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Loan Amount (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Jun 23, 2023

Disclosed by Bank May 17, 2023


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the AIIB, the objective of the project is to develop a low-carbon and resilient New District in Ankang City, by planning, designing, and developing urban infrastructures with added-on, and robustly modeled, climate resilience features.

Ankang City, located along the Han Jiang River and in Qin-ba Mountains, was classified as one of the national level poverty areas of China. Overly crowded urban area and frequent flood disasters have been the two core challenges impeding Ankang City's economic growth and development. The Project aims to support the Ankang City's sustainable development of East City New District to serve as a demonstration on the planning, design and implementation of green and low-carbon urban district. The Project will finance the key infrastructure of the New District with climate resilience features, including:
- Component 1 - Climate Resilient Urban Infrastructure Improvement;
- Component 2 - Multi-purpose Green Corridors;
- Component 3 - City Management and Data Center (Building a green low-carbon city operation system);
- Component 4 - Project Management Support.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

AIIB Team Leader:

Drazen Kucan - Senior Investment Operations Specialist, Urban
Email: drazen.kucan@aiib.org

Borrower - Government of the People's Republic of China:

Jikang Wang - Officer, Department of International Economics and Financial Cooperation, China Ministry of Finance
Email: wangjikang@mof.gov.cn

Implementing Agency - Wuli Industrial Zone (East City New District) Management Committee:

Zhijiu Tang - Director, Wuli Industrial Zone (East City New District) Management Committee and Director of Project Management Office
Email: akaiib2022@163.com

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

How it works

How it works