Luoyang Metro Project (NDB-luoyangmetroproject-c)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Luoyang City, Henan 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
Proposed
Bank Risk Rating
U
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.
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)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 300.00 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)
$ 2,775.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Corporate Actor Documents
Primary Source

Original disclosure @ NDB website

Updated in EWS Jul 31, 2018


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Project Description

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.

 

Investment Description
  • New Development Bank (NDB)

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 Actors
Contact Information

*There is no further contact information disclosed at this stage of the project*

New Development Bank: projects@ndb.int