This is the Implementation Completion Report (ICR) for the Inner Mongolia Local Railway Project in China. It had three objectives: (a) to provide low-cost, reliable freight and passenger transportation, facilitating in particular the movement of coal and other products from western Inner Mongolia to northeastern China; (b) to promote regional development; and (c) to support formation of a local company to manage what became the longest locally-administered railway in China. The Bank's performance was somewhat mixed. In general, identification, preparation and appraisal of the project was satisfactory. The Borrower's performance was satisfactory. The main lessons learned from this project were: a) In considering future railways projects-especially those where substantial traffic exchanges are involved-the Bank should devote particular attention to the commercial aspects of these intra-railway relationships; b) in evaluating future railway investment projects, the Bank should recognize the potential competitive dynamics that such investments can promote; c) supervision of projects should include a thorough review of compliance with financing arrangements.
Detalhes
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Data do documento
1997/06/25
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TIpo de documento
Conclusão da Implementação e Relatórios sobre Resultados
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No. do relatório
16808
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Nº do volume
1
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Total Volume(s)
1
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País
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Região
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Data de divulgação
2010/06/18
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Disclosure Status
Disclosed
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Nome do documento
China - Inner Mongolia Local Railway Project
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Palavras-chave
Economic Internal Rate of Return;Debt Service Coverage Ratio;foreign exchange risk;Land Acquisition and Resettlement;extensive damage to embankment;social and economic development;return on asset;investment program;shipment of good;cost materials;project performance indicator;high traffic volume;amount of land;freight traffic;national railway;volume of traffic;limited liability company;demand for transport;accepted accounting principles;annual business plan;standard of living;inland water transport;centrally planned economy;allocation of credit;assessment of outcome;bank supervision missions;sound financial position;flow of fund;award of contract;exchange rate variation;net present value;working capital requirements;environmental protection measures;cost of land;recruitment of staff;payment of interest;safety of people;village with electricity;Regional Economic Development;sound financial footing;adverse weather conditions;
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