Guizhou Shuibai Railway Project in the People's Republic of China (Loan 1626-PRC)

This report evaluates the performance of the Guizhou Shuibai Railway Project, which was provided by ADB to the Government of the People's Republic of China (PRC) in August 1998.

The Guizhou Shuibai Railway was a key element of the Guizhou Transportation Plan under the Ninth Five-Year Plan. The Guizhou Shuibai Railway Project was designed to help increase coal and other minerals and industrial outputs through the provision of a cost-effective mode of transport for mining output in the project area.

The Project aimed to promote economic growth in southwestern Guizhou province and was in line with ADB's strategic objective of promoting growth and reducing poverty. The Project was evaluated against the new project outcome as revised during project completion, which is to establish a cost-effective mode of transport for mining and other industrial outputs and for passengers in the Project area, bearing in mind four project outputs:

Summary of Findings

 

 

The Project was assessed 'likely sustainable'. Although the reestimated financial internal rate of return (FIRR) fell below the real cost of capital, the Project's sustainability must be viewed in the light of other positive developments which outweighed the low reestimated FIRR. Commercial operations of the Guizhou Shuihong Railway Company, Ltd. (GSRC) has been improving steadily, working and debt-service ratios have been fully met, and strong ownership and commitment has been shown by GSRC.

Overall, the Project was rated 'successful'.

Lessons Identified

 

 

Contents 

Executive Summary Maps Introduction Design and Implementation Performance Assessment Other Assessments Issues, Lessons, and Follow-up Actions Appendixes

 

 
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