Chuzhou-Nanjing Intercity Railway PPP Project (WB-P168181)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Chuzhou, Anhui province and Nanjing, Jiangsu 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
  • 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)
$ 150.00 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)
$ 150.00 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)
$ 2,500.00 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 10, 2020

Disclosed by Bank Apr 18, 2019


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Project Description

According to the project document, the project development objective is to demonstrate a public-private partnership consistent with good international practices to implement an intercity railway project between Chuzhou and Nanjing Municipalities.

Chuzhou Municipal Government (CMG) will create the Chuzhou-Nanjing Intercity Railway Development Company (CNIRDC). CNIRDC will represent CMG in the development of the proposed project. Nanjing Municipal Government (NMG) will designate Nanjing Metro Company (NMC) as its representative. The two companies will sign a cooperation framework agreement on behalf of their respective governments to jointly develop the proposed project.

Specifically, CNIRDC will be responsible for the Feasibility Study Reports (FSRs) and engineering design of the entire 54.3 km project. However, approval of the FSRs and engineering design of sections in the two provinces will be processed separately in the respective jurisdictions by CNIRDC and NMC. Further, CNIRDC and NMC will each be responsible for land acquisition and resettlement in Chuzhou and Nanjing respectively. The two companies will form a project company that will be responsible for project implementation.


The Bank team will provide training to clients from responsible institutions to build their knowledge and capacity in safeguards. The CNIRDC will engage environmental and social safeguard specialists to prepare the safeguard documents, oversee the project implementation and ensure the proposed project complies with the Bank’s safeguards policies

 

Investment Description
  • World Bank (WB)

Government Resources (Chinese Government - Equity) US$ 50.00 million

Private Sector Equity US$ 450.00 million

IBRD (World Bank - Loan) US$ 150.00 million

Unguaranteed (Commercial Debt) US$ 1,850.00 million

Contact Information

1/World Bank
Bernard Aritua, Yi Yang
Senior Infrastructure Specialist

2/Borrower/Client/Recipient
People’s Republic of China
Contact: Xia Lyu
Position: Director, Ministry of Finance, People's Republic of China
Email: lvxia@mof.gov.cn

3/Implementing Agencies
Anhui Development and Reform Commission
Contact: Wei Sheng
Position: Deputy Director
Email: shengwei@anhuidrc.gov.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.