Zhengzhou Metro (EIB-20170549)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Zhengzhou, Henan
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
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
ZHENGZHOU CITY RAIL TRANSPORT CO LTD
The holder of the loan, grant, or other investment.
Sectors
  • Transport
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, etc.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 2,300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EIB website

Updated in EWS Dec 15, 2017

Disclosed by Bank Nov 15, 2017


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Project Description
According to the bank website, the project consists of the construction of metro line 4 in Zhengzhou, Henan Province of China. The line will be located on a North-South corridor of the city and will have a length of around 30 km underground section with 27 stations. The project will contribute to two main objectives: 1.Climate change mitigation, by promoting a modal shift from road to rail and thereby a reduction of greenhouse gas emissions; 2.The development of social and economic infrastructure, making a key contribution to urban development and improving the business environment for private sector development, thereby facilitating access to amenities and jobs. The project is expected to generate savings in user time, vehicle operating costs, road accident costs and local air/noise emissions. The complete economic case for the project, expected to be strong, will be assessed during appraisal in detail.
Investment Description
  • European Investment Bank (EIB)
Contact Information
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