fbpx 50050-005: Guangxi Regional Cooperation and Integration Promotion Investment Program - Tranche 3 | Asian Development Bank

China, People's Republic of: Guangxi Regional Cooperation and Integration Promotion Investment Program - Tranche 3

Sovereign (Public) Project | 50050-005 Status: Proposed

The Asian Development Bank (ADB) and the People's Republic of China (PRC) signed a framework financing agreement for the Guangxi Regional Cooperation and Integration Promotion Investment Program on 15 October 2016. On 12 December 2016, ADB approved the provision of a multitranche financing facility (MFF) comprising three tranches with an aggregate facility amount of $450 million to the PRC. The MFF implementation period is from 2017 to 2024. Tranche 1 was approved on 12 December 2016. The implementation period of Tranche 1 is from June 2017 to December 2021. Tranche 2 was approved on 4 April 2018 with estimated total cost of $440 million, of which ADB will provide a regular loan of $180 million. The loan was signed on 1 August 2018 and declared effective on 14 November 2018 with current loan closing date of 30 November 2023. The Government of the PRC has requested a loan up to $140 million from ADB's ordinary capital resources for Tranche 3.

 
Project Name Guangxi Regional Cooperation and Integration Promotion Investment Program - Tranche 3
Project Number 50050-005
Country China, People's Republic of
Project Status Proposed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan: Guangxi Regional Cooperation and Integration Promotion Investment Program - Tranche 3
Ordinary capital resources US$ 140.00 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Regional integration
Drivers of Change Gender Equity and Mainstreaming
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Industry and trade / Industry and trade sector development - Small and medium enterprise development - Trade and services

Gender Equity and Mainstreaming Effective gender mainstreaming
Description The Asian Development Bank (ADB) and the People's Republic of China (PRC) signed a framework financing agreement for the Guangxi Regional Cooperation and Integration Promotion Investment Program on 15 October 2016. On 12 December 2016, ADB approved the provision of a multitranche financing facility (MFF) comprising three tranches with an aggregate facility amount of $450 million to the PRC. The MFF implementation period is from 2017 to 2024. Tranche 1 was approved on 12 December 2016. The implementation period of Tranche 1 is from June 2017 to December 2021. Tranche 2 was approved on 4 April 2018 with estimated total cost of $440 million, of which ADB will provide a regular loan of $180 million. The loan was signed on 1 August 2018 and declared effective on 14 November 2018 with current loan closing date of 30 November 2023. The Government of the PRC has requested a loan up to $140 million from ADB's ordinary capital resources for Tranche 3.
Project Rationale and Linkage to Country/Regional Strategy The MFF program intends to help the Guangxi Zhuang Autonomous Region (GZAR) implement its strategies and action plans for regional cooperation and integration (RCI) with countries of the Association of Southeast Asian Nations (ASEAN), focusing on developing the North-South Economic Corridor under the Greater Mekong Subregion (GMS) Cooperation Program. This is in line with the national development strategies of the PRC to promote connectivity and strengthen regional economic partnerships, as highlighted in the Thirteenth Five-Year Plan for National Economic and Social Development for 2016-2020. This is also relevant to ADB's RCI strategy, particularly the Operational Plan for Regional Cooperation and Integration.
Impact

Economic growth potential for border areas in the PRC and Viet Nam realized

Efficient transport and trade operations along GMS North-South Economic Corridor achieved

Outcome Benefits of regional cooperation and integration in border areas of Guangxi and northern Viet Nam captured
Outputs

Support for SME in border areas expanded

Integrated and interoperable e-commerce platforms for the PRC and Viet Nam developed

Key infrastructure and services for BEZs improved

Physical and informational connectivity and policy coordination improved

Geographical Location
Safeguard Categories
Environment B
Involuntary Resettlement B
Indigenous Peoples B
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services ADB will engage international and national consultants following the ADB Procurement Policy and its associated project administration instructions and/or staff instructions.
Procurement All procurement of goods and works will be undertaken in accordance to ADB's Procurement Guidelines (2015, as amended from time to time). Open competitive bidding with national advertising will be used for procurement of ADB-financed works and contracts.
Responsible ADB Officer An, Bo
Responsible ADB Department East Asia Department
Responsible ADB Division Public Mgt, Financial Sector and Regional Coop Division, EARD
Executing Agencies
Government of Guangxi Zhuang Autonomous Region, through Guangxi Foreign Loans Project Management Office
18th Floor, Guangxi Development Plaza
East Building, No. 111-1 Minzu_Avenue
Nanning, Guangxi
Timetable
Concept Clearance -
Fact Finding -
MRM 30 Jun 2021
Approval -
Last Review Mission -
Last PDS Update 26 May 2021

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Evaluation Documents See also: Independent Evaluation

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Related Publications

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Tenders

No tenders for this project were found.

Contracts Awarded

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Procurement Plan

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