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.
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)
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.
*There is no further information being disclosed at this stage of the project*
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