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.
MFF Facility Concept: Xinjiang Regional Cooperation and Integration Promotion
Ordinary capital resources US$ 490.00 million
Counterpart - the Government US$ 660.00 million
The government of Xinjiang Uygur Autonomous Region
Planning & Budget Div., Construction Bur.
No. 462 Zhongshan Road, Urumqi
Xinjiang Uygur Autonomous Region, PRC
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