Urban Financing and Innovation Project (WB-P158124)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Shanghai city
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
  • World Bank (WB)
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
A
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
People's Republic of China
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Infrastructure
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)
$ 350.00 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)
$ 350.00 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)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jan 31, 2019

Disclosed by Bank Nov 6, 2017


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Project Description

According to the bank document, the project development objective is to provide sustainable long-term financing to green infrastructure in selected small towns in the Shanghai metropolitan area and Yangtze river delta region. The achievement of the PDO will be measured through the following Key Performance indicators:

(1) The quantity of own capital provided by institutional investors to set up the facility;

(2) A total amount of long term funding lent to targeted green investments (placeholder PDO indicator for ‘green’ element);

(3) Number of sub-national entities accessing the lending facility;

(4) A medium-term bond that pools financing needs of small towns issued.

Component 1. Facility Capital Funding (IBRD Loan: US$ 290 million). This component will provide initial low-cost long-term funding for small town green infrastructure to accelerate the facility start-up.

Component 2. Guarantee for Bond Issuance (IBRD Loan: US$ 50 million). The objective of this component is to support the facility’s ability to issue medium to long-term bonds with attractive pricing by providing a guarantee for bond issuance to enable the bonds to obtain a sufficiently high credit rating.

Component 3. Facility Capacity Enhancement and Project Management (IBRD Loan: US$ 10 million). This component will support capacity building within the Facility to scale up of operations.

 

 

Early Warning System Project Analysis

The project category can be falling between A or B

Investment Description
  • World Bank (WB)
Contact Information

1/World Bank Contact

Contact: Alessandra Campanaro

Title: Sr Urban Spec.

2/Borrower/Client/Recipient

Name: PEOPLE'S REPUBLIC OF CHINA

Contact: Jiandi Ye

Title: Director, IFI Division I, Ministry of Finance

Email: yeduanluo@sina.com

3/Implementing Agencies

Name: Shanghai Municipal Investment (Group) Corporation

Contact: Zhiqiang Wang

Title: Vice President

Email: liukun@ceam-dfv.com

For more information contact:

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Fax: (202) 522-1500

Web: http://www.worldbank.org/infoshop

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The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.