JIANGXI WATER TRANSPORT I (EIB-20170730)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Jiangxi province
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
THE EXPORT-IMPORT BANK OF CHINA
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Transport
  • Water and Sanitation
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)
$ 233.83 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 200 million
Converted using 2018-07-24 exchange rate.
Project Cost (USD)
$ 747.09 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 639 million
Converted using 2018-07-24 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Mar 27, 2019

Disclosed by Bank Jan 25, 2018


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Project Description

The project consists of the construction of the Bazizui navigation hub on the Xinjiang river, one of the five major river systems in the Jiangxi province in China. The proposed project is part of a larger and more comprehensive waterborne transport infrastructure programme, involving other internal waterways projects on the Xinjiang and Ganjiang rivers.

 The project will increase the capacity and efficiency of the waterborne transport system in the Jiangxi Province by increasing the river depth and extending the transportation from upstream areas to other important prefecture level capitals of the Jiangxi Province (Shangrao and Yingtan). By enhancing the efficiency and reducing costs associated with the waterborne transport system, the project fosters the modal shift from other more carbon-intensive types of transport, reducing greenhouse gas emissions and therefore contributing to the EIB Climate Change objectives.
The economic benefits of the project stem from the transport cost reductions that can be obtained through such additional capacity and efficiency on inland navigation operations.

 

Early Warning System Project Analysis

According to Chinese Environmental Protection Law, the project is classified as a "navigation-power junction" and therefore should be subject to an Environmental Impact Assessment (EIA). Consequently, an EIA process has been undertaken according to Chinese Environmental Law. With the support of an external consultant, the promoter drafted an EIA report and undertook the associated field works and surveys during 2017. The competent authority (in this case, the Jiangxi Provincial Department of Environmental Protection) has issued approval and acceptance of the EIA report on 1st February 2018. The project does not have significant impacts on natural reserves, world cultural and natural heritage sites or other special ecologically sensitive areas

Investment Description
  • European Investment Bank (EIB)

The responsible authority for the project procurement is the Jiangxi Provincial Ports and Waterways Construction Investment Company (JPPWCIC), which is 100% owned by the Jiangxi Province Department of Transport. 

Contact Information

*There is no further information available by this stage of the project*

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