Lanzhou New Area Regional Hub Multimodal Logistics and Transport Infrastructure Demonstration Project
|Country||The People’s Republic of China|
|Total Project Cost||RMB 3,899.3 million|
|Proposed Loan Amount||RMB 2,511.9 million|
|Borrower||The People’s Republic of China|
|Implementation Agency||Lanzhou New Area Administration|
Lanzhou New Area (LNA), established in 2012 as a State-level New Area1, is a new extension of Lanzhou City (the capital city of Gansu Province) with the size of over 1,700 square kilometers. LNA has been positioned as the industrial base and economic zone of western provinces of China. With a robust growth in the past six years since establishment, LNA took the lead in economic growth among the existing New Areas established in China. It witnessed a total of 9,770 new companies registered and settled, a total of 350 global trade companies exporting to over 50 countries, and a total of 627 companies relocated to its industrial base. The rapid industrial development has generated a high demand of logistics services in LNA. The growing demand for the logistics infrastructure has quickly become the impediment to further economic development.
To address this challenge, the Project is to reduce the logistics gap, meet the growing demand of logistics infrastructure, and support the robust economic growth, through building multimodal logistics infrastructures, connecting road, railways, and airport. Components of the Project include: (i) rail stations, rail tracks, and logistics parks; (ii) connecting roads; (iii) multimodal logistics information platform; (iv) capacity building, project management, and supervision.
1 State-level New Areas are state-approved administrative establishment to further the development of industry, technology and innovation, and to promote social-economic development of a region or sub-region.