Zhejiang Green Urban Project - Shengzhou Urban and Rural Integrated Water Supply and Sanitat (NDB-zhejianggreenurbanpro)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Shengzhou municipality, Zhejiang 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
  • 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
Mar 31, 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
  • Water and Sanitation
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)
$ 116.00 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 825 million
Converted using 2019-10-06 exchange rate.
Loan Amount (USD)
$ 116.00 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 825 million
Converted using 2019-10-06 exchange rate.
Project Cost (USD)
$ 261.00 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 1,868 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, Project objectives are to upgrade the urban and rural water supply and sewage facilities and to enhance the economic efficiency of water resources and the effectiveness of water management system in Shengzhou through financing the construction of four water supply plants, three sewage treatment plants, associated pipelines and a smart water management center, thereby fostering socio-economic development of Shengzhou Municipality.

The Project has four components: (i) construction of water supply plants and pipelines;

(ii) construction of sewage treatment plants and pipelines;

(iii) smart water management center;

(iv) capacity building and project management.

The NDB loan through the modality of Sovereign Project Loan will be used by the People's Republic of China for on-lending to the People's Government of Shengzhou Municipality through the People's Government of Zhejiang Province.

Investment Description
  • New Development Bank (NDB)

The total cost of the Project is estimated to be RMB 1,868 billion. NDB will finance RMB 825 million, accounting for 44% of the total cost. The remaining balance will be financed by counterpart funds from Shengzhou Municipal Government and Shengzhou Water Group Co, and loans from domestic banks.

New Development Bank RMB 825 million (US$ 116 million)

Shengzhou Municipal Government RMB 100 million (US$ 14 million)

Shengzhou Water Group Co RMB 273 million (US$ 38.2 million)

Domestic Bank RMB 670 million (US$ 94 million)

Private Actors

The Project is estimated to be implemented over five years. People’s Government of Shengzhou Municipality will be the Project Implementation Agency. Contractors for the Project will be selected through a competitive and transparent bidding process.

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.