| Project Name | Qingdao Metro Line Six (Phase I) Project | ||||
| Country | The People’s Republic of China | ||||
| Sector | Transport | ||||
| Concept Approval Date | 24 September 2020 | ||||
| Board Approval Date | 14 December 2021 | ||||
| Total Project Cost | RMB 17,914 million | ||||
| Initial Limit of NDB Financing |
RMB 3,237 million | ||||
| Current Limit of NDB Financing |
RMB 3,237 million | ||||
| Borrower | The People’s Republic of China | ||||
| Implementing Agency | Qingdao Metro Group Co., Ltd. (QMG) | ||||
| Project Context | The development of the West Coast New Area has been strongly promoted by the Government of Qingdao to tackle the longstanding issues of limited land availability, high population density and serious congestion in its old downtown areas. However, with continued economic and population growth in recent years, the West Coast New Area is now facing serious challenge of inadequate transport infrastructure to cope with rapidly growing demand in passenger traffic. Due to the limited connectivity of mass public traffic system, quickly increased private vehicles and growing congestion have already become key constraints to the West Coast New Area’s sustainable growth. Particularly, the three rapidly-developing economic zones in the West Coast New Area lack efficient transport to get connected, resulting in seriously crowded road network and increase in pollution on account of insufficient public transport. | ||||
| Project Objective | The Project will substantially improve the connectivity and mobility among important economic and residential areas in the West Coast New Area. Upon completion, it will help Qingdao to tackle its bottleneck of sustainable development by reducing traffic congestion, increasing productivity of workforce and improving standard of living. | ||||
| Project Description | Qingdao Metro Line Six (Phase I) is located in the West Coast New Area. Starting from Xintun Road Station and ending at Shengtaiyuan Station, the Project has 20 stations over the total length of 30.19 km. The average distance between two stations is 1.54 km. The Project includes interchanges with six other metro lines in Qingdao. | ||||
| Expected Benefits | The Project will improve the overall connectivity and mobility for urban population and further economic growth and sustainable development in Qingdao Municipality. The Project’s outcomes include: (i) reduced travel time for commuters; (ii) decongestion of roads and emission reduction such as CO2 emissions; (iii) improved transport safety; and (iv) enhanced travel comfort. | ||||
| Environmental and Social Aspect | The Project has been categorized as Category A in line with the NDB’s Environment and Social Framework (ESF). Main environmental and social impacts include: (i) land acquisition and impacts to livelihoods; (ii) large-scale earthwork; (iii) construction pollutant emissions, including noise, vibration, dust, lighting, wastes and wastewater discharges; (iv) minor impacts to national cultural heritage site Qi Dynasty Great Wall and Zhushan National Forest Park, and (v) occupational safety impacts during construction. These impacts will be mitigated by implementation of the Environmental and Social Management Plan (ESMP) developed for the Project, as well as the Environmental and Social Impact Management Plan. | ||||
| Financing Aspect | The total cost of the Project is estimated at RMB 17,914 million. The Project will be financed through funding of RMB 3,237 million from NDB, and the balance of RMB 14,677 million from the Government of Qingdao and local commercial banks. | ||||
| Source of Fund | Amount (RMB million) | ||||
|
New Development Bank
|
3,237 | ||||
| The Government of Qingdao | 7,166 | ||||
| Local Commercial Banks | 7,511 | ||||
| Implementation | The Government of Qingdao will be the Project Entity, and (QMG) will be the Implementing Agency for the Project. QMG has established a Project Management Office to facilitate the Project’s coordination and management.
The Loan will finance procurement of goods, equipment and installation and services for the Project in compliance with NDB’s Procurement Policy and China’s country system stipulated through national legislations and regulations. |
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| Contacts | NDB | Borrower | Implementing Agency | ||
| Project Portfolio Management Department
Xin Chen |
Ministry of Finance
Biao Guo |
Qingdao Metro Group Co., Ltd.
Jiaqiang Li |
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