The People’s Government of Henan Province has designed a work plan to expand Luoyang’s metro network. The Luoyang Metro Project (the Project), therefore, is designed to address the traffic congestion challenge and to improve the city’s connectivity. The Project is in close alignment with the New Development Bank’s mandate of supporting sustainable infrastructure development.
The Project consists of the construction of Luoyang City’s first urban rail line (Line 1). NDB will finance Equipment for Line 1, which includes the equipment necessary to operate Line 1.
The metro will connect the residential areas to the city center and provide easy access to public services, business, commercial centers and cultural sites. It will enable:
(i) increased transport capacity, thus easing congestion on existing roads,
(ii) faster commute and improved mobility,
(iii) enhanced comfort, safety and reliability of traffic in the city,
(iv) improved connectivity contributing to a balanced city spatial development, and
(v) more robust socio-economic development of Luoyang.
New Development Bank US$ 300 million
Commercial Banks US$ 1.311 million
People’s Government of Luoyang US$ 1.164 million
Total Project Cost US$ 2.775 million
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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*There is no further contact information disclosed at this stage of the project*
New Development Bank: email@example.com