Chongqing Small Cities Sustainable Development Project (China) (NDB-chongqingsmallcitiess)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Seven small cities in Chongqing Municipality
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
  • New Development Bank (NDB)
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
May 28, 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
The People’s Republic of China
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
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)
$ 300.00 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)
$ 568.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ NDB website

Updated in EWS Jun 27, 2018


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Project Description

The objective of the Project is to support the sustainable infrastructure development of seven small cities in Chongqing Municipality. The Project aims to improve the living conditions of local residents and support the sustainable development of the local economy. The Project includes:

(i) adopting integrated urban planning to transform urban areas in well-organized plann;

(ii) improving urban connectivity, mobility and accessibility;

(iii) ecological and environmental restoration, especially in water-front areas;

(iv) re-vitalizing old urban areas through urban regeneration and public space upgrading.

The Project is estimated to be implemented between 2018 and 2023. Suppliers for the Project will be selected through a competitive and transparent bidding process.

Early Warning System Project Analysis

The Project is categorized as “A” in accordance with the NDB Environment and Social Framework. Negative impacts during implementation include vibrations, noise, dust, turbidity and sedimentation in the rivers, temporary disruption of urban services, loss of aesthetics, and resettlement. Adequate and appropriate mitigation measures have been designed and incorporated to address the identified adverse impacts.

Investment Description
  • New Development Bank (NDB)

New Development Bank US$ million  300.0
Counterpart Fund           US$ million 268.5

Contact Information

*There is no further contact information available by this stage of the project*

New Development Bank: projects@ndb.int