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China - Grain Distribution and Marketing Project (English)

Ratings convey a satisfactory project outcome, with a highly likely sustainability, and substantial institutional development impacts. Lessons address the following. The project demonstrated the economic, and technical feasibility of grain marketing investments, when actually the objective is moving, not storing, grain. By comparison, previous Bank financed grain projects which have focused more on grain storage, have had relatively poor returns. Furthermore, the project implementation period would have been substantially reduced, had key preliminary design work been completed during the preparation phase; and, the process of completing the preliminary design work would have highlighted the fact that management, and ownership arrangements for the Dalian Terminal had not been adequately resolved, which would have led to all those involved in the project better understanding the magnitude of the engineering challenge, and depth of the technology transfer. Although the final outcome was strongly favorable, and the technology transfer was profound, the Bank's influence over this crucial engineering process was haphazard, and uncertain. Most critically, such a massive engineering undertaking requires adequate international technical assistance.

Details

  • Document Date

    2003/06/27

  • Document Type

    Implementation Completion and Results Report

  • Report Number

    26047

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    China,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2010/07/01

  • Doc Name

    China - Grain Distribution and Marketing Project

  • Keywords

    Administrative and Civil Service Reform;Regulation and Competition Policy;Economic Rate of Retum;procurement point of view;bulk grain handling;quality at entry;institutional development impact;construction and equipment;principal performance ratings;operational management procedures;per capita income;ratings of bank;process of review;government administrative reform;control over quality;pollution control equipment;general transportation sector;outputs by components;ocean freight rate;ship service time;ship waiting time;operations and maintenance;Exchange Rates;profit and loss;technical assistance program;policy reform agenda;government budget constraint;release of fund;cost of ship;rural economic reform;grain sector;project costing;future market;feed grain;borrower performance;grain marketing;river mouth;dust control;engineering design;financial rate;future trading;grain price;Technology Transfer;safety requirement;logistical system;primary depots;grain distribution;site infrastructure;government control;grain storage;clearance process;market information;project datum;grain terminal;budget releases;rail shipment;engineering consultant;fishing village;operational flexibility;specialized equipment;procurement process;bulk material;rail cost;contract dispute;project financing;inadequate fund;truck load;grain reserve;storage facility;government action;domestic train;limited resources;domestic payments;international training;export opportunity;counterpart fund;financial market;floor price;competitive rate;financially independent;procurement requirement;food grain;regular operations;export opportunities;transition arrangement;train service;free market;livestock industry;government play;livestock industrial;diversification option;port competition;top soil;safety measure;technical feasibility;project debt;common weaknesses;mechanical handling;geographic dispersion;grain production;agricultural marketing;civil works;government support;public policy;procurement issue;extensive use;safety standard;general cargo;opportunity cost;cargo time;corridor operation;larger vessels;professional relationships;operational deficiencies;safety aspect;external investment;modern logistics;central city;financial basis;storage terminal;efficiency impacts;sustainability rating;water transport;project sustainability;deadweight tons;massive infrastructure;project participation;reform objectives;bid price;supervision resource;construction delay;Cash flow;budgetary support;international transport;Commitment Fee;market price;management structure;account data;small sample;storage tank;unresolved dispute;storage size;primary contractor;primary author;government procedure;infrastructure service;living space;international tendering;learning curve;rural market;market access;physical infrastructure;equipment manufacturer;engineering expert;vegetable oil;land purchase;settlement procedure;sea area;terminal operation;site visits;management control;railway access;internal review;external assistance;Commodity future;financial aspect;commodity market;grain trade;award decision;institutional environment;management capability;consulting engineer;construction quality;operations management;language barrier;standard practice;international technology;marketing facility;freight operation;price competition;urban consumer;fiscal loss;critical infrastructure;continued liberalization;Public Goods;news media;private clients;alternative use;market development;handling equipment;legal advice;Shuttle Service;ocean-going vessel;local training;computer center;special grant;international management;port terminal;truck capacity;rail lines;bulk handling;electrical contractor;safe operation;government expenditure;export market;marketing system;budget shortfall;equipment price;supplementary financing;government involvement;equipment supplier;urban land;futures exchange;rural procurement;transportation need;port area;marketing infrastructure;logistical network;market efficiency

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Citation

China - Grain Distribution and Marketing Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/800591468769216199/China-Grain-Distribution-and-Marketing-Project