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China - Hubei Yiba Highway Project : restructuring (Vol. 2) : Data sheet (Inglês)

The development objective of the Hubei Yiba Highway Project for China is to improve passenger and freight flows in the Yichang-Badong corridor by construction of an expressway with enhanced environmental management practices. The changes involve reallocating Loan proceeds of the project assigned to eight sub-grade contracts (US$125 million) to other civil work contracts, as the Government, in agreement with the Bank, has decided to finance these eight sub-grade contracts entirely through counterpart funds. The relevant loan amount will be reallocated to contracts within the same category stipulated in the Loan Agreement (LA). There will be a minor revision to the LA to reflect the change in the scope of work associated with the loan reallocation. In addition, two studies mentioned in schedule one - B of the LA (a study on 'tunnel safety' and a study on 'design approaches to reduce the risk of landslide and other geological disasters during construction and operations') will be replaced by studies on 'tunnel design and key construction technology in high stress region and soft rock area' and 'environment supervision and management system on highway construction projects', as the latter are considered to be more practical for the immediate benefit of the project and for future highway projects in Hubei province.

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