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The Middle Reaches of The Yangtze River (Wuhan) Smart Logistics Hub Project

Country
China China
Status
Approved
Area Of Operation
Transport Infrastructure Transport Infrastructure
Type
Sovereign

Quick Facts

Financing Approval Date
07 Dec 2024
Current Limit of NDB Financing
RMB 2,415 million
Borrower
The People’s Republic of China
Project Implementing Entity
The People’s Government of Wuhan Municipality

More About This Project

The chemical industry is vital to Wuhan’s economy, contributing about 6.5% to the municipal GDP. However, its logistics infrastructure faces several challenges: (i) the scattered locations of small and medium-sized chemical enterprises, and (ii) a heavy reliance on road transport, leading to traffic congestion, increased air pollution, and road safety concerns.

To address these issues, Wuhan municipal government plans to consolidate chemical enterprises in the Beihu Industrial Park and enhance its logistics efficiency by improving connections to water and railway transport.

The Project comprises following five key components:
(i) Component A: A new railway station (the Beihu Industrial Station); (ii) Component B: Two wharves with six berths on the Yangtze River; (iii) Component C: Roads connecting the logistics hub to the highway; (iv) Component D: Information and communication technology (“ICT”) logistics platform; (v) Component E: Capacity building.

The objective of the project is to enhance efficiency and reduce the high costs associated with road transportation by improving logistics connectivity and integration, which is expected to boost the socioeconomic development of the local chemical industry, Wuhan Municipality and Hubei Province as a whole.

The People’s Government of Hubei Province will be the executing agency.

The People’s Government of Wuhan Municipality will be the implementing agency.

Wuhan Chemical Logistics Company Limited will be the project implementing unit. The project will be implemented by the Implementing Agency through the People’s Government of Qingshan District and the Project Implementing Unit, under the supervision and guidance of the Executing Agency.

The implementation period for the Project is 6 years.

The Project has been classified as Category A in line with the NDB Environment and Social Framework (ESF). Key Environment and Social (E&S) risks include impacts on sensitive aquatic habitats of Four Major Domestic Fishes and migration routes of the critically endangered species of Yangtze Finless Porpoise and Chinese Sturgeon, land acquisition and resettlement, construction related pollution, and occupational and community safety. The E&S impacts will be mitigated through compliance with country system requirements and implementation of the Environmental and Social Impact Management Plan developed to ensure the Project’s compliance with NDB ESF.

Source of Fund Amount (RMB million)
NDB 2,415
Counterpart funding 2,250
NDB Borrower Project Entity
Public Sector Department

Mikhail Moshkov

Ministry of Finance

Biao Guo mof_operation1@m of.gov.cn

The Wuhan Chemical Logistics Company

Wenyan Wuhgwlxmb@126.com