Where the impacts of the investment may be experienced.
Location: Hegang, Jixi, Qitaihe, Shuangyashan
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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.
Borrower or Client: Government of People's Republic of China
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
- Agriculture and Forestry
- Industry and Trade
- Water and Sanitation
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 310.00 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): $ 530.00 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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Heilongjiang Coal-Rich Cities Redevelopment Project
The project will continue ADB's long-term partnership with HPG and take a strategic, holistic, and long-term approach to further develop and implement the Transformation Development Plan of Coal Cities in Heilongjiang (2014 -2020), establishing a non-coal economic base, i.e., green food, pharmaceutical, renewable energy, and high-tech industries. The indicative project impacts are revitalized economy of East Heilongjiang subregion with non-coal industries in the cities of Hegang, Jixi, Qitaihe, and Shuangyashan; improved East Heilongjiang smart city cluster cooperation; and improved living environment, safety, and public health in the cities of Hegang, Jixi, Qitaihe, and Shuangyashan. The indicative project outcome is improved enabling environment for non-coal economic and industrial transformation. The project is expected to have four outputs: (i) key components facilitating economic diversification and industrial transformation towards a non-coal future in the project cities improved; (ii) remediation and environmental cleanup and safety of impacts from coal mining in the project cities improved; (iii) integrated basic urban infrastructure and services in the project cities improved; and (iv) capacity in project cities developed in areas of (a) economic diagnostic study and strategy, non-coal industry development planning, and smart city cluster cooperation; (b) prioritized investment program preparation; (c) project planning and management; (d) mining remediation management and environment cleanup; and (e) infrastructure and services delivered through public-private partnerships.
1. East Heilongjiang subregional economy with non-coal industries in the cities of Hegang, Jixi, Qitaihe, and Shuangyashan revitalized
2. East Heilongjiang smart city cluster cooperation improved
3. Living environment, safety, and public health in cities of Hegang, Jixi, Qitaihe, and Shuangyashan improved (project derived and PRC National New-Type Urbanization Plan, 2014-2020)
Enabling environment for non-coal economic and industrial transformation improved
- Asian Development Bank (ADB)
European Investment Bank US$ 220.00 million
Heilongjiang Provincial Government
People's Republic of China
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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