📋 Tender Overview
SUMMARY
STATUS
Approved
MEMBER
China
SECTOR
Transport
E&S CATEGORY
Category A
PROJECT NUMBER
000770
FINANCING
APPROVED FUNDING
USD400 million
FINANCING TYPE
Sovereign
TIMELINE
CONCEPT REVIEW
September 8, 2023
FINANCING APPROVAL
November 20, 2024
OBJECTIVE
To facilitate cross-border trade and increase international air freight efficiency in Hubei, China.
DESCRIPTION
The Project is designed to establish a 95-hectare bonded logistics park adjacent to the Hubei Ezhou Huahu Airport (the Airport), the very first dedicated freight airport in Asia.
The Project will provide the following functionalities: customs operations, bonded warehousing and processing, trade/freight services, etc. Specifically, the Project will build infrastructure for customs operation and bonded logistics, including customs checkpoints, international cargo stations, bonded processing centers, bonded logistics centers, and fencing. It will also build business centers for trades, offices, and exhibitions. Project will procure customs supervision equipment for bonded areas, air cargo inspection equipment and facilities, information platform for operation of entire logistics parks, as well as supporting facilities including viaducts, access roads, and landscape works. The Project will also promote innovative customs supervision procedures to achieve efficiency gains during the import and export processes. In the medium term by 2030, the Project is expected to attract over 600,000 tons of international air freight and to facilitate the cross-border trading activities.
Leveraging on the proximity of the park to the Airport, the Project aims to incubate new aviation-related business which will include bonded maintenance and repair, cross-border e-commerce, international cold-chain storage and shipping. Overall, the Project will support the development of Ezhou as a global air freight hub and main gateway for opening-up Hubei and central China.
ENVIRONMENTAL AND SOCIAL INFORMATION
AIIB’s Environmental and Social Policy (ESP) including the Environmental and Social Exclusion List (ESEL) and relevant Environmental and Social Standards (ESSs) apply to this Project. ESS 1 (Environmental and Social Assessment and Management) and ESS2 (Land Acquisition and Involuntary Resettlement) are applicable to the Project. ESS 3 (Indigenous Peoples) is not applicable, as per the Bank’s ESP, due to no indigenous people or ethnic minority groups are collectively attached to the project area.
The Project has been categorized as Category A, considering the significant land acquisition and potential noise cumulative impacts during operation. The Project is located in a habitat substantially modified by human activities and is unlikely to cause significant adverse impacts to biodiversity. Its adverse environmental impacts include general construction nuisance and occupational health and safety risks; operation-related exhaust gases, wastes, machinery and traffic noise, dang
