According to the bank document, the project aims to "increase natural gas emergency supply capacity, reduce reliance on coal and ultimately support low-carbon and sustainable development of the local economy. The Project consists of the following parts:
(1) Part 1: construction of LNG receiving, storage and regasification facilities.
Constructing an LNG terminal consisting of:
(i) an LNG receiving facility with an annual handling capacity of five million tonnes of LNG;
(ii) 10 LNG storage tanks with a volume of no less than 200,000 cubic meters each; and
(iii) a regasification facility with a maximum daily operating capacity of 60 million cubic meters of natural gas.
(2) Part 2: construction of unloading wharf".
"The total cost of the Project is estimated at RMB 13.8 billion. NDB will finance EUR 436 million (equivalent to RMB 3.4 billion) or 24.68% of the total cost. Asian Infrastructure Investment Bank will finance USD 500 million (equivalent to RMB 3.3 billion) or 23.78% of the total cost. The remaining balance will be financed by counterpart funds from the People’s Government of Beijing Municipality and Beijing Gas Group Co. Ltd."
Source of Funding:
New Development Bank: EUR 436 million
Asian Infrastructure Investment Bank: USD 500 million
People’s Government of Beijing Municipality and Beijing Gas Group Co. Ltd.: RMB 7.12 billion
The Project will be implemented over five years. Beijing Gas Group Co. Ltd. will be the Implementing Agency. Procurement will be conducted in compliance with the national law and regulations, and will meet the core principles of NDB’s Procurement Policy.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Beijing Enterprises||Parent Company||-|
|-||-||-||-||Beijing Gas Group Co Ltd||Client||-|
1/ NDB Contact
Project Team Leader: Mr. Yao, Jianshi
2/ Borrower Contact
Name: Ms. Ding, Yue
3/ Implementation Agency
Name: Mr. Xing, Haitao
ACCESS TO INFORMATION
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ACCOUNTABILITY MECHANISM OF NEW DEVELOPMENT BANK
The New Development Bank (NDB) does not currently have an independent accountability mechanism to accept complaints related to NDB-financed projects. The Bank does have a whistleblower mechanism that receives complaints about misconduct related to corruption, fraudulent practices and instances of money laundering in projects financed by the NDB and/or against the NDB staff members. To learn more about the whistleblower mechanism and how to file a complaint, access this webpage at: https://www.ndb.int/about-us/whistleblowing