Yunnan Lincang Border Economic Cooperation Zone Development Project (ADB-49310-002)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Lincang prefecture-level city, Yunnan 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
  • 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
A
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 10, 2018
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
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • Infrastructure
  • 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)
$ 250.00 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)
$ 250.00 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)
$ 402.80 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 May 14, 2019

Disclosed by Bank Sep 27, 2018


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to the bank document, the project will address cross-border trade capacity, border connectivity, and urban and social development issues in the Cangyuan Wa, Gengma Dai and Wa, and Zhenkang counties in Lincang Prefecture; and support Yunnan Province in enhancing regional cooperation and integration (RCI) under the Greater Mekong Subregion (GMS) program, focusing on economic corridor development. It is expected to enhance RCI in the Shan border province of Myanmar by providing benefits to Myanmar nationals who trade, work, and use social services in the project counties.

The project seeks to bring impacts as the economic growth potential for LBECZ and border areas of Myanmar enhanced; benefits of regional cooperation and integration in LBECZ and border areas of Myanmar realized; and living conditions and public health of residents of LBECZ and border areas of Myanmar improved. Thus, the competitiveness of urban centers, logistics, industrial parks, and land ports in project counties and LBECZ enhanced

Investment Description
  • Asian Development Bank (ADB)

Loan 3759-PRC: Yunnan Lincang Border Economic Cooperation Zone Development Project

Ordinary capital resources     US$ 250.00 million

Counterpart                         US$ 152.80 million

Contact Information

Executing Agencies

Lincang Municipal Government
Email: SK2139199@126.COM

No. 350, Shiji Road, Fengxiang
Sub-district, Linxiang District,
Lincang City, Yunnan Province

Yunnan Provincial Finance Department Division of International Cooperation
Email: YNSWC@126.COM

Wuhuashan, Kunming Yunnan,
Peoples 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