Railway Energy Efficiency and Safety Enhancement Investment Program - Tranche IV (ADB-43332-053)

Countries
  • China
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
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
Dec 4, 2013
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
People's Republic of China, China Railway Corporation (Formerly Ministry of Railways)
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)
$ 180.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 180.00 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)
$ 547.60 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 @ ADB website

Updated in EWS Oct 19, 2017

Disclosed by Bank Mar 13, 2017


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Project Description
According to ADB website, the ADB is helping the People's Republic of China enhance railway services in its southwest regions. The fourth tranche of the program will introduce environmental protection equipment and improve railway safety, which will involve installing track safety operation and maintenance equipment, anti-seismic bridge bearings, enhanced railway fasteners, heavy duty switches, and signaling system facilities.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Chu, Chenglong East Asia Department No contact information provided at the time of disclosure. Executing Agency: China Railway Corporation (Formerly Ministry of Railways) Email Address: CRC_WZB@163.COM 10 Fuxing Road, Beijing 100844 People's Republic of China ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main