Quick Facts
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 |