According to the bank document, the project objectives are to build multimodal logistics infrastructure, connect road railways and airports, reduce logistics gap, meet the growing demand for infrastructure, and boost economic growth.
Components of the Project include (i) rail stations, rail tracks, and logistics parks;
(ii) connecting roads;
(iii) multimodal logistics information platform; and
(iv) capacity building, project management, and supervision.
A Sovereign Project Loan will be provided by NDB to the People's Republic of China for on-lending to Lanzhou New Area Administration through the People's Government of Gansu Province.
The Project is to be implemented over five years. Lanzhou New Area Administration will be the Project Implementation Agency. Procurement will be conducted in compliance with the national law and regulations, and meet the core principles of NDB’s policy.
The total cost of the Project is estimated to be RMB 3.9 billion. NDB will finance RMB 2.51 billion or 64% of the total cost. The remaining balance will be financed by counterpart funds from Lanzhou New Area Administration.
New Development Bank RMB 2,511.9 million (US$ 351.39 million)
Lanzhou New Area Administration RMB 1390 million (US$ 194 million)
*There is no further information being disclosed at this stage of the project*
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