Early Warning System

Countries

China

Geographic location 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

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

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

Jun 25, 2019

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

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

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)

$ 293.77 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 RMB 2,100 million
Converted using 2019-10-06 exchange rate.

Loan Amount (USD)

$ 293.77 million

Project Cost (USD)

$ 400.10 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 RMB 2,860 million
Converted using 2019-10-06 exchange rate.

Bank Documents

Yinchuan-Project-Summary

Primary Source

Original disclosure @ NDB website

Updated in EWS Jan 10, 2020

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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 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

Here you can find a list of individual development financial institutions that finance the project.

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

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.

*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.