PHOSPHATE I

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The Phosphate Development Project will assist China in achieving it's priority for the fertilizer sector under the Seventh and Eighth five year plans, which is to reduce the nutrient imbalance in fertilizer use by expanding the production capacity for phosphate fertilizers. In order to accomplish this goal the project has two components. First, the project will finance the startup of an open pit mine at Wengfu in Guizou with a capacity of 2.5 million tons per year, and the construction of a modern beneficiation plant, and associated slurry pipeline to produce phosphate concentrate at the mine site. The second component will be consultant services for project managment and mine workshop maintenance, and provision of financial and technical assistance for the computer based, sector investment optimization model, to be installed, maintained and further developed to strengthen the subsector planning capacity.