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Natural Gas for Multimodal Transport in the People's Republic of China

Project Result / Case Study | 26 May 2015

Although industrial emissions have stabilized in the past few years, a rapid increase in vehicular traffic volumes in the People’s Republic of China has created a new threat in the form of vehicle and vessel emissions. The ADB-supported project will increase the availability of less-polluting natural gas for multimodal transportation. 

$1.1 billion

Total project cost

Up to $150 million

ADB assistance

4 December 2014

Date Approved

Total ADB assistance

A-loan of up to $150 million equivalent in dollars and yuan.

Cofinancing

Complementary loan of up to $300 million equivalent in dollars and yuan funded by participating banks, with ADB acting as lender of record.

Sponsor

China Gas Holdings

Strategy

The project will facilitate the use of natural gas as a transport fuel by building compressed natural gas and liquified natural gas refueling stations along long-distance land transport corridors and inland waterway transport networks that cross municipal and provincial boundaries in the People’s Republic of China.

Development impact

Deploy natural gas in the People’s Republic of China for multimodal transport and diversify the energy mix, and thus, increase the availability of natural gas as a transport fuel in the country. Avoid greenhouse gas emissions (carbon dioxide equivalent) of about 2 million tons per year starting 2020.

Source: Asian Development Bank Private Sector Operations brochure