| Project Detail |
SUMMARY
STATUS
Proposed
MEMBER
China
SECTOR
Transport
E&S CATEGORY
Category A
PROJECT NUMBER
000666
FINANCING
PROPOSED FUNDING AMOUNT
USD350 million
FINANCING TYPE
Sovereign
TIMELINE
CONCEPT REVIEW
March 29, 2023
OBJECTIVE
To promote regional and cross-border trade through the continuous development of multimodal logistics facilities and to facilitate low-carbon and smart container terminal development in the Ningbo-Zhoushan Port (NBZP) area.
DESCRIPTION
The Ningbo Green and Low-Carbon Port Development Project (Project) is to provide long-term sovereign-backed financing to support the green and low-carbon development of NBZP area. Located midway along the coastal line of the China mainland, Ningbo serves as the economic center and logistic hub for the southern Yangtze River Delta. The Project will support the sustainable development of NBZP and its surrounding areas to realize its full economic potential through improved intermodal transport efficiency, increased logistics capacity, and technology-enabled low-carbon port operation activities.
The Project currently consists of the following components:
Expansion of existing Beilun Railway with a total length of 16.5 kilometers to enhance intermodal transport capacity;
Construction of Meishan Railway with a total length of 8.9 kilometers to provide sea-rail logistics connectivity;
Upgrade of the Mount Beilun Multipurpose Terminal for handling container operations and procurement of smart equipment for efficiency improvement. |
