Lanzhou Zhongchuan International Airport Phase III Expansion Project (NDB-lanzhouzhongchuaninte)

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
Lanzhou, Gansu Province in north-west China
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
A
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
Jul 18, 2022
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
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 268.91 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 265
Converted using 2022-07-18 exchange rate.
Loan Amount (USD)
$ 268.91 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 265
Converted using 2022-07-18 exchange rate.
Project Cost (USD)
$ 4,893.75 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 33000
Converted using 2022-07-18 exchange rate.
Bank Documents
Primary Source

Original disclosure @ NDB website

Updated in EWS Jul 29, 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 bank's website, "the Project is to implement expansion of the LZIA with design capacity for an annual passenger throughput of 38 million and cargo throughput of 300,000 tonnes. The Project comprises construction of two new runways with associated taxiway system, construction of new apron, terminal building, ground transportation center, cargo facilities, supporting infrastructure and other associated facilities." The Project aims to "address the capacity constraints of LZIA by expanding the airport facilities to meet the growing demand for air travel. The Project by providing integration with the surface transport, will contribute towards developing an efficient and comprehensive transport network in the region. The Project will boost productivity and economic growth of the Gansu Province by providing better access to markets and resources."

The Project will address the capacity constraints of LZIA by expanding the airport facilities to meet the growing demand for air travel. The Project will also contribute towards developing an efficient and comprehensive transport network in the region by integrating LZIA with surface transport and acting as a multimodal connection hub.

The Project outcomes will be increase in annual passenger throughput by 30% and cargo throughput by 129% in 2026 as compared to 2019 levels due to improved capacity and efficiency of air travel to and from Gansu. The Project will act as a catalyst in promoting economic and social development of the region by enhancing connectivity and access for trade, tourism, business, and other socio-economic activities, and thereby contribute to reducing regional disparities.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

As stated by the NDB, the main environmental and social impacts include land acquisition and resettlement, diversion of basic farmland, noise and air pollution impacts on neighboring communities during operations. 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
<table border="0" width="100%" cellspacing="0" cellpadding="0"> <tbody> <tr> <td><strong>Source of Fund</strong></td> <td colspan="2"><strong>Amount<br /> </strong></td> </tr> <tr> <td> <div>NDB Loan</div> </td> <td colspan="2">EUR 265.00 million</td> </tr> <tr> <td>Loans from domestic banks</td> <td colspan="2">RMB 14.80 billion</td> </tr> <tr> <td>Counterpart funding</td> <td colspan="2">RMB 16.70 billion</td> </tr> </tbody> </table>

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.

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

Biao Guo
Email: mof_operation1@mof.gov.cn

Implementing Agency - Gansu Civil Aviation Airport Group Co. Ltd.:

Jianzhong Zhang
Email: jianzh-zhang@gansuairport.com

NDB Team Leader:

Changqing Sun - Project Portfolio Management Department

Jitesh Ketkar - Public Sector Department

ACCESS TO INFORMATION

You can submit an information request for project information through a form at the bottom of the following webpage https://www.ndb.int/about-us/contact-us Alternatively, you can send an e-mail to info@ndb.int

ACCOUNTABILITY MECHANISM OF NEW DEVELOPMENT BANK

The New Development Bank (NDB) does not currently have an independent accountability mechanism to accept complaints related to NDB-financed projects. The Bank does have a whistleblower mechanism that receives complaints about misconduct related to corruption, fraudulent practices and instances of money laundering in projects financed by the NDB and/or against the NDB staff members. To learn more about the whistleblower mechanism and how to file a complaint, access this webpage at: https://www.ndb.int/about-us/whistleblowing

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