Huangshi Modern Tram Project (NDB-huangshimoderntrampro)

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Countries
  • China
Geographic location where the impacts of the investment may be experienced.
Specific Location
Huangshi prefecture-level city, Hubei province
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 2, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of the People's Republic of China
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 392.08 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 2760
Converted using 2019-12-02 exchange rate.
Loan Amount (USD)
$ 392.08 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 2760
Converted using 2019-12-02 exchange rate.
Project Cost (USD)
$ 695.81 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 4898
Converted using 2019-12-02 exchange rate.
Bank Documents
Primary Source

Original disclosure @ NDB website

Updated in EWS Aug 11, 2024

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank document, Huangshi Modern Tram Project is proposed to address the challenge of transportation and connectivity between old town and new town in Huangshi city. The Project’s output will be about 28.50 km length of intelligent transport systems based modern tram network, serviced by 32 energy efficient modern trams.

The components of the proposed Project include i) laying of tracks, construction of stations and installation of associated facilities for the tram network;

ii) procurement of rolling stock; and

(iii) consultancy support for commissioning, preparation of O&M plan, capacity building and project management.

The Project will be implemented over a period of three years from 2019 to 2022 by Huangshi Railway Construction and Investment Company Limited (HRIC).

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

As stated by the NDB, the total cost of the Project is estimated to be RMB 4,898 million. The NDB will finance RMB 2,760 million or 56% of the total estimated cost. The remaining balance will be financed by counterpart funds from the People’s Government of Huangshi Municipality (GOHM) and Huangshi Railway Construction and Investment Company Limited (HRIC).


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

NDB Team Leader:

Xin Chen

Borrower - Ministry of Finance of the People's Republic of China:

Biao Guo
Email: mof_operation1@m%20of.gov.cn 

Executing Agency - The People’s Government of Huangshi Municipality:

Qiang Li 
Email: hsct2010@126.com 

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

How it works

How it works