Chongzuo Water Resource Rehabilitation and Ecological Conservation Project (NDB-chongzuowaterresource)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Chongzuo prefecture-level city, Guangxi Zhuang 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
  • 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
Active
Bank Risk Rating
B
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
Mar 31, 2019
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
  • 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)
$ 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.
Currency conversion note:
Bank reported USD 300 million
Converted using 2019-10-06 exchange rate.
Loan 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.
Currency conversion note:
Bank reported USD 300 million
Converted using 2019-10-06 exchange rate.
Project Cost (USD)
$ 522.90 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported USD 522.9 million
Converted using 2019-10-06 exchange rate.
Primary Source

Original disclosure @ NDB website

Updated in EWS Jan 10, 2020


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Project Description

According to the bank document, the Project objective is to improve the urban water environment and enhance flood protection through removing urban wastes, connecting water bodies, rehabilitating river and lake embankments, creating vegetated buffer zones in water adjacent area, constructing drainage pumping stations, and establishing a smart water information and management system.

The Project has three components: (i) restoration of lakes, rivers, wetlands, channels and their adjacent areas;

(ii) development of water ecological environment monitoring, control and management system; and

(iii) project management support and capacity building.

The NDB loan through the modality of Sovereign Project Loan will be used by the People's Republic of China for on-lending to Guangxi Zhuang Autonomous Region.

 

Investment Description
  • New Development Bank (NDB)

The total cost of the Project is estimated to be USD 522.9 million. NDB will finance USD 300 million, accounting for 57.4% of the total cost. The remaining balance will be financed by government counterpart funds and bank loans.

New Development Bank US$ 300.0 million

Government Counterpart Funds US$ 119.2 million

Domestic Bank US$ 103.7 million

Private Actors

The Project is estimated to be implemented over five years. People’s Government of Chongzuo Municipality will be the Project Implementation Agency. Contractors for the Project will be selected through a competitive and transparent bidding process.

Contact Information

*There is no further information being disclosed at this stage of the project*

For further information, comments or suggestions please reach out to us at info@ndb.in