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 |
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| Project Status | Proposed | ||||
| Project Type / Modality of Assistance | Loan |
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| Source of Funding / Amount |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth Regional integration |
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| Drivers of Change | Gender Equity and Mainstreaming Knowledge solutions Partnerships Private sector development |
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| Sector / Subsector | Industry and trade / Industry and trade sector development - Small and medium enterprise development - Trade and services |
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| 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 |
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| 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 |
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| Geographical Location | |||||
| Safeguard Categories | |
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| Environment | B |
| Involuntary Resettlement | B |
| Indigenous Peoples | B |
| Summary of Environmental and Social Aspects | |
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| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | |
| During Project Implementation | |
| Business Opportunities | |
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| 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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