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