Xinjiang Regional Cooperation and Integration Promotion (ADB-51243-001)

Countries
  • China
Geographic location where the impacts of the investment may be experienced.
Specific Location
Xinjiang Uygur Autonomous Region
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
People's Republic of China
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Education and Health
  • Finance
  • Industry and Trade
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 490.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 490.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 1,150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 10, 2020

Disclosed by Bank Sep 26, 2018

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank document, the proposed project as multi-tranche financing facility (MFF) for the Xinjiang Regional Cooperation and Integration Investment Program will help realize the full economic potential of the border areas of the Xinjiang Uygur Autonomous Region (Xinjiang) of the People's Republic of China (PRC) with Kazakhstan, Mongolia, and other Central Asian countries; and increase transport and trade efficiency along the Central Asia Regional Economic Cooperation (CAREC) transport corridors.

The MFF will expand economic opportunities in the border areas between Xinjiang, Kazakhstan, and Mongolia.

To achieve this outcome, the MFF will develop essential trade related facilities and services, support border transport connectivity, and provide support for small and medium-sized enterprises in the border economic zones in the three cities: Alashankou, Khorgos, Altay; and two counties: Jeminay and Qinghe of Xinjiang.

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

MFF Facility Concept: Xinjiang Regional Cooperation and Integration Promotion

Ordinary capital resources            US$ 490.00 million

Counterpart - the Government US$ 660.00 million


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Executing Agencies

The government of Xinjiang Uygur Autonomous Region
Planning & Budget Div., Construction Bur.
No. 462 Zhongshan Road, Urumqi
Xinjiang Uygur Autonomous Region, PRC

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

How it works

How it works