Gansu Silk Road Revitalization Project (WB-P158215)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Tianshui, Dingxi, Zhangye, Jiayuguan, and Jiuquan (Dunhuang and Yumen) in Gansu 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
  • 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
  • Infrastructure
  • Law and Government
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)
$ 180.00 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)
$ 180.00 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)
$ 805.50 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 10, 2020

Disclosed by Bank Jun 18, 2017


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Project Description

According to the bank document, the Gansu Provincial Government adopted the Master Plan for Developing the Gansu Section of the Silk Road Economic Belt (2014-2020), with a vision to build on the province and to accelerate regional economic integration, urban-rural development, and poverty reduction along the Silk Road.

Under the Plan, Gansu has already started to build more than 70,000 km roads and railways with the aim to complete in six years, and establish new passenger and freight lines to central and western Asian countries. With the improved transportation, Gansu plans to promote economic and technological exchange, industrial cooperation, new economic drivers, cultural exchange, and strategic platforms (i.e., Lanzhou New Area, Dunhuang International Cultural Tourism City, and the "China Silk Road Expo").

The project development objective is to improve the local economy and living conditions in selected communities in Gansu Province. The project will contribute to the implementation of the Master Plan for the Gansu Golden Section of Silk Road Economic Belt, the 13th Five-Year Plan of Gansu Province, and the Chinese Civilization Inheritance and Innovation Master Plan. The project is anchored within Gansu Poverty Alleviation through Tourism Program, which aims at improving urban and rural settlements, infrastructure, environmental sustainability, and provides microcredit support to poor households.

Building on the success of completed and ongoing infrastructure development and cultural conservation in the province, the project will finance incremental improvements needed to connect lower income groups to benefit from major public investments. The project introduces an integrated approach of using local endowments as an economic driver for sustainable local economic development. The project invests in selected locations where lower-income groups living in decaying historic areas could benefit from, and contribute to, the Silk Road economic growth

 

Investment Description
  • World Bank (WB)
Contact Information

1/World Bank

Contact: Ahmed A. R. Eiweida

Title: Lead Urban Specialist

2/Borrower/Client/Recipient

Name: People's Republic of China

Contact: Jiandi Ye

Title: Director, Ministry of Finance

Email: yeduanluo@sina.com

3/Implementing Agencies

Name: Department of Culture

Contact: Jianren Yang

Title: Deputy Director General

Email: gsshdkxmb001@163.com

For more information contact:

The World Bank

1818 H Street, NW Washington, D.C. 20433

Telephone: (202) 473-1000

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

ACCOUNTABILITY MECHANISM OF WORLD BANK

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.