Hohhot New Airport Project (NDB-hohhotnewairportproje)

Countries
  • China
Where the impacts of the investment may be experienced.
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
Nov 16, 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
  • Infrastructure
  • Transport
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)
$ 605.36 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 RMB 4,200,000,000
Converted using 2018-11-16 exchange rate.
Loan Amount (USD)
$ 605.36 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)
$ 3,170.92 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 RMB 22,000,000,000
Converted using 2018-11-16 exchange rate.
Primary Source

Original disclosure @ NDB website

Updated in EWS Mar 21, 2019


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Project Description

According to NDB website, the project aims to address the existing concerns and risks of the Baita International Airport, meet the growing demand of the city’s air traffic, and support the sustainable economic development of the region. The new airport will be constructed at Qiaoshiying Town in the Horinger County, which is about 40 km away from the city center, with a designed capacity of 28 million passengers and freight traffic of 320,000 tonnes each year.

Investment Description
  • New Development Bank (NDB)
Private Actors

Hohhot Economic and Technological Development Area Investment and Development Group Co. Ltd. provides infrastructure and municipal engineering services. The company also offers ecological construction and transportation services. Hohhot Economic and Technological Development Area Investment and Development Group Co. Ltd. was founded in 2005 and is based in Hohhot, China.

Contact Information

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