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Yichun City Transportation Infrastructure Improvement Project

Sector: Road • Location: China

Source: World Bank Group

Project
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The project involves the investment, financing, reconstruction, operation and maintenance of first class highways, located in Fengxin County, Yichun City, Jiangxi Province of China. The project includes reconstruction works on the National Road G354 Fengxin Ring Road Section, Huancheng South Road, County Road X251 Fengtian-Songyu Section, County Road X252 Chian-Jingyu Section, County Road X255, Zh

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The project “Yichun City Transportation Infrastructure Improvement Project” is an infrastructure initiative in the Road sector, located in China. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project involves the investment, financing, reconstruction, operation and maintenance of first class highways, located in Fengxin County, Yichun City, Jiangxi Province of China. The project includes reconstruction works on the National Road G354 Fengxin Ring Road Section, Huancheng South Road, County Road X251 Fengtian-Songyu Section, County Road X252 Chian-Jingyu Section, County Road X255, Zhouji Town-Yutang section, X644 Jinping-Shixi section, X803 county road, and Yangshan-Malukou section of county road X254. The project cost amounts to CNY 1.024 billion or $ 150.42 million. The SPV is called Fengxinchang Fengluqiao Investment Co., Ltd and owned by 3 sponsors: the government-owned Fengxin Tiangong Road and Bridge Engineering Co., Ltd with a 5% stake; Nanchang Highway Bridge Engineering Co., Ltd with 65 % stake and Jiangxi Provincial Highway Investment Co., Ltd with 30% stake. The project is structured under BOT model for a concession period of 10 years. The return mechanism is a feasibility gap subsidy and user fees. Financial close was reached on 23 January 2019. http://www.cpppc.org:8083/efmisweb/ppp/projectLibrary/getProjInfoNational.do?projId=41c0a71dc0544f03a74010bd822526f6

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