Ningxia Yinchuan Integrated Green Transport Development Project (NDB-ningxiayinchuanintegr)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Yinchuan Municipality, Ningxia Hui Autonomous Region
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
Active
Bank Risk Rating
B
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.
Voting Date
Jun 25, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
People's Republic of China
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 293.77 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported RMB 2,100 million
Converted using 2019-10-06 exchange rate.
Loan Amount (USD)
$ 293.77 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported RMB 2,100 million
Converted using 2019-10-06 exchange rate.
Project Cost (USD)
$ 400.10 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported RMB 2,860 million
Converted using 2019-10-06 exchange rate.
Primary Source

Original disclosure @ NDB website

Updated in EWS Jan 10, 2020


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Project Description

According to the bank document, Yinchuan Municipality (the capital city of Ningxia Hui Autonomous Region) is taking actions under the green development initiative to improve the public bus transport system. With a growing focus on enhancement of living quality of local residents, more bus lines have been put in place to reach the suburban areas and villages of Yinchuan. Given the fact that Yinchuan has a big surplus of electricity supply while a shortage in natural gas supply, the Project takes advantage of Yinchuan's power structure and provides a timely solution to reduce emissions, save energy, and enhance the quality of lives.

The Project aims to develop a green bus system and improve public transport services in Yinchuan Municipality by replacing all existing natural gas-fueled buses with electric buses, which reduce emissions and save energy. Components of the Project include

(i) procurement of electric buses and associated equipment;

(ii) construction of bus lane and depots;

(iii) development of intelligent transport management system; and

(iv) project management and capacity building.

A Sovereign Project Loan will be provided by NDB to the People's Republic of China for on-lending to the People's Government of Yinchuan Municipality through the People's Government of Ningxia Hui Autonomous Region.

The Project is to be implemented over three years. People's Government of Yinchuan Municipality 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.

 

Investment Description
  • New Development Bank (NDB)

The total cost of the Project is estimated to be RMB 2.86 billion. NDB will finance RMB 2.1 billion or 73% of the total cost. The remaining balance will be financed by counterpart funds from Yinchuan Municipal Government

New Development Bank RMB 2100 million (US$ 293.77 million)

Yinchuan Municipal Government RMB 760 million (US$ 106.32 million)

Contact Information

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

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