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International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
- Asian Development Bank (ADB)
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.
Board Decision Date: 2016-11-14
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Borrower or Client: Government of People's Republic of China
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Investment Type(s): Loan
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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.
Project Cost (USD): $ 427.79 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
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Chongqing Integrated Logistics Demonstration Project
The project will develop a modern and efficient multimodal logistics system in Chongqing. The outputs of the project will be (i) the Chongqing transportation logistics park, (ii) the Nanpeng logistics park, (iii) the Yangtze River inland waterway roll-on roll-off (Ro-Ro) operations, (iv) a logistics information system, and (v) institutional capacity building.
The proposed project is the third urban development project in Chongqing. Lessons from past and ongoing projects were incorporated in the project design, such as devolving more responsibilities to the implementing agency while strengthening its project management and financial management capacity. The proposed project will have demonstration features, namely integrated logistics parks, logistics information system, and inland waterway Ro-Ro operations. These features are all relatively new for logistics projects in the PRC, and their successful introduction through this project will offer opportunities for replication and scaling up. Integrated logistics functions and services in the new logistics parks will reduce wasteful freight movements. Logistics information services will enable logistics service providers, such as freight forwarding companies, to increase efficiency and reduce costs through better tracking and control over the supply chain. Ro-Ro operations will reduce the time and costs of transshipments, incentivizing freight movement on inland waterways.
The project is consistent with the plans of the Government of the PRC to develop the logistics sector and is in line with the Thirteenth Five-Year Plan. The project is also closely aligned with the government's priorities to develop the Yangtze River Economic Belt and the Silk Road Economic Belt initiative. The project's focus on logistics development is in line with the Sustainable Transport Initiative of the Asian Development Bank (ADB), which highlights logistics improvements as an important opportunity for sustainable transport operations. The project also draws on the recommendations of the previous ADB study on logistics development in the PRC.
Logistics services in the Yangtze River Economic Development Belt and Silk Road Economic Belt region improved
Efficient and integrated multimodal logistics system in Chongqing demonstrated
All consultant services will be recruited using quality and cost-based selection in accordance with ADB's Guidelines on the Use of Consultants (2013, as amended from time to time), using the default ratio of 80% for technical proposal and 20% for financial proposal.
All procurement to be financed under the ADB loan will be carried out in accordance with ADB's Procurement Guidelines (2013, as amended from time to time).
- Asian Development Bank (ADB)
Chongqing Municipal Government
Room 305, Jianfa Plaza, Honghuxilu Road,
Yubei District, Chongqing, PRC 401121
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main
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