| Project Detail |
Hubei Huangshi Modern Tram Project is proposed to address the above challenges through the construction of a modern tram network with a total length of about 28 km. The components of the proposed Project include: i) laying of tracks, construction of stations and installation of associated facilities for the tram network; ii) procurement of rolling stock; and (iii) consultancy support for commissioning, preparation of O&M plan, capacity building and project management.
- Environmental and Social Aspects
The positive impacts of the Project include: i) reduced GHG emissions and air pollution; ii) reduced travel time for commuters and visitors; (iii) reduced traffic congestions; (iv) enhanced transport safety and comfort of travel; (v) reduced fuel consumption and vehicle operating cost; vi) improved mobility and accessibility for the local residents and visitors; (vii) improved quality of living for the connected population.
The Project is Category “B” in line with NDB’s Environment and Social Framework (ESF) and China’s environmental impact assessment regulations. Main environmental and social impacts include land acquisition and resettlement, wetland habitats and scenic areas, and waste generation and disposal. These impacts will be mitigated by adhering to the requirements of Chinese E&S regulations.
- Financials
The total cost of the Project is estimated to be RMB 4,898 million. The NDB will finance RMB 2,760 million or 56% of the total estimated cost. The remaining balance will be financed by counterpart funds from the People’s Government of Huangshi Municipality (GOHM) and Huangshi Railway Construction and Investment Company Limited (HRIC).
SOURCE OF FUND AMOUNT (RMB MILLION)
New Development Bank 2,760
GOHM and HRIC 2,138
- Implementation
The Project is estimated to be implemented over four years. HRIC will be the Project Implementation Agency. Procurement will be conducted in compliance with the national law and regulations, and NDB’s procurement policy. |
