Municipality-Level Public-Private Partnership Operational Framework for Chongqing (ADB-49166-001)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Chongqing
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 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
Canceled
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
Aug 11, 2015
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
Government of People's Republic of China
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Infrastructure
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.35 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)
$ 0.35 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 11, 2017

Disclosed by Bank Sep 29, 2016


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Project Description
The TA will strengthen the operational framework for PPPs in Chongqing Municipality. Chongqing in central PRC is one of the country’s four largest municipalities and is well advanced in achieving a market-oriented economy. It is both ready for an expanded PPP program and can provide a rapid demonstration of good PPP practices at the local government level in ADB’s regions of focus—the less-developed central, western, and northeastern regions. The TA will help officials prepare a strategic plan and work plan for Chongqing’s PPP center.The plans will provide a coherent set of sequenced and resourced actions that will deepen the reform of the local PPP program. Good-practice project preparation procedures and other management tools needed by a PPP center will be put in place. These tools will include a project development facility. The impact will be increased private sector participation and operations in urban infrastructure investment. The proposed TA is aligned with the decision of the Third Plenary Session of the 18th Central Committee of the Communist Party of China to increase private sector participation in urban infrastructure investment and operations. The outcome will be an improved operational framework for PPPs in Chongqing Municipality, with performance assessed by the completion by 2017 of at least one PPP agreement for urban economic or social infrastructure that passes a value-for-money test and fiscal affordability assessment. CONSULTING SERVICES International and national consultants have been mobilized. An international workshop was held in Chongqing in October 2015 to deepen the understanding of best practice in such PPPs learning from the experience of other countries and elsewhere in PRC. The workshop addressed key challenges faced in the planning, design, investment, operation and management of metro projects, and offered practical solutions on adopting PPPs in subways in both Chongqing and elsewhere in the PRC. The workshop has laid the foundation for the TA's support to strengthen Chongqing's approach to PPPs.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Chongqing Municipal Finance Bureau No. 1, Honghuxilu, Yubei District Chongqing Municipality, 401121 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