Eurasia University (IFC-37659)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Xi’an, Shaanxi 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
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
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.
Voting Date
Mar 30, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Xi'An Eurasia University
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
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)
$ 34.72 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)
$ 83.00 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 @ IFC website

Updated in EWS Aug 11, 2017

Disclosed by Bank Feb 26, 2016


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Project Description
Xi’an Eurasia University (“Eurasia”), a leading private university based in Xi’an, Shaanxi province, plans to refurbish some of its existing campus buildings and construct a new campus building that will incorporate certain green building measures, as well as improve its capital structure (the “Project”). Expected development impact includes: (i) increase access to quality tertiary education; (ii) improve student's employability and competitiveness in frontier region of China; and (iii) promote environmental and social best practices, including green building measures, amongst Chinese universities.
Investment Description
  • International Finance Corporation (IFC)
Mr. Jianbo Hu is the Project Sponsor with a 72% capital contribution in Eurasia. Mr. Hu is the Chairman, Principal of Eurasia, having co-founded it in 1995. Mr. Hu is well-known within the Chinese education sector having taught at and operated a number of universities in Xi’an in the past 30 years.
Contact Information
Ms. Chunni Lei Xi’an Eurasia University Eurasia Road #1, Dian Zi Cheng, Xi’an, Shaanxi, China Email: leichunni@eurasia.edu Phone: +86-029-88298750 Facsimile: +86-029-88298771 ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/