Public Disclosure Authorized for OFFICIAL USE ONLY Report No: PAD2772
Total Page:16
File Type:pdf, Size:1020Kb
Public Disclosure Authorized FOR OFFICIAL USE ONLY Report No: PAD2772 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT PROJECT APPRAISAL DOCUMENT ON A PROPOSED LOAN IN THE AMOUNT OF EURO 160.5 MILLION Public Disclosure Authorized (US$ 180 MILLION EQUIVALENT) TO THE PEOPLE'S REPUBLIC OF CHINA FOR A GANSU REVITALIZATION AND INNOVATION PROJECT May 13, 2019 Public Disclosure Authorized Social, Urban, Rural And Resilience Global Practice East Asia And Pacific Region Public Disclosure Authorized This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization. The World Bank CURRENCY EQUIVALENTS (Exchange Rate Effective January 28, 2019) Currency Unit = Renminbi (RMB) US$1.00 = RMB 6.871 US$1.00 = EURO 0.892 FISCAL YEAR January 1–December 31 Regional Vice President: Victoria Kwakwa Country Director: Martin Raiser Senior Global Practice Director: Ede Jorge Ijjasz-Vasquez Practice Manager: Abhas K. Jha Task Team Leader: Ahmed A. R. Eiweida The World Bank ABBREVIATIONS AND ACRONYMS BCR Benefit-Cost Ratio BoG Bank of Gansu CFPA MF China Foundation for Poverty Alleviation – Microfinance Management Co., Ltd CNTA China National Tourism Agency CPS Country Partnership Strategy CQS Consultant’s Qualifications DA Designated Account DFIL Disbursement and Financial Information Letter EA Environmental Assessment EAP East Asia and Pacific ECA Europe and Central Asia ECOP Environmental Code of Practices EIA Environmental Impact Assessment EIRR Economic Internal Rate of Return EMDF Ethnic Minority Development Framework EMDP Ethnic Minority Development Plan EMP Environmental Management Plan EOI Expression of Interest ESMF Environment and Social Management Framework FCI Global Practice of Finance, Competitiveness, and Innovation FI Financial Intermediary FIRR Financial Internal Rate of Return FM Financial Management FMM Financial Management Manual FSR Feasibility Study Report GCTD Gansu Cultural and Tourism Department GDP Gross Domestic Product GFGG Gansu Finance Guarantee Group GFHG Gansu Finance Holding Group GPAO Gansu Provincial Audit Office GRM Grievance Redress Mechanism GRS Grievance Redress Service IBRD International Bank for Reconstruction and Development ICB International Competitive Bidding IFC International Finance Corporation IFR Interim Financial Report IRR Internal Rate of Return LAC Latin America and the Caribbean LoC Line of Credit M&E Monitoring and Evaluation MCC Microcredit Company MENA Middle East and North Africa MFD Maximizing Financing for Development The World Bank MSEs Micro- and Small Enterprises MOF Ministry of Finance MVSEs Micro- and Very Small Enterprises NCB National Competitive Bidding NDRC National Development and Reform Commission NPV Net Present Value O&M Operation and Maintenance OP Operational Policy PAP Project-Affected Person PCR Physical Cultural Resource PDO Project Development Objective PFD Provincial Finance Department (Gansu) PFI Participating Financial Institution PIP Project Implementation Plan PIU Project Implementation Unit PLG Project Leading Group PMC Project Management Company PMO Project Management Office PP Procurement Plan PPMO Provincial Project Management Office PPP Public-Private Partnership PPSD Project Procurement Strategy for Development PSC Provincial Steering Committee RAP Resettlement Action Plan RF Results Framework RPF Resettlement Policy Framework SA Social Assessment SIA Social Impact Assessment SMEs Small and Medium Enterprises SOE State-Owned Enterprise SORT System Operations Risk-Rating Tool STEP Systematic Tracking of Exchanges in Procurement SURR Global Practice of Social, Urban, Rural, and Resilience TA Technical Assistance TORs Terms of Reference UCCN UNESCO Creative Cities Network UNESCO United Nations Educational, Scientific and Cultural Organization UNWTO World Tourism Organization WB World Bank WBG World Bank Group WTA World Tourism Alliance (China-based organization) WTP Willingness to Pay The World Bank Gansu Revitalization and Innovation Project (GRIP) (P158215) TABLE OF CONTENTS DATASHEET ........................................................................................................................... 1 1. STRATEGIC CONTEXT ...................................................................................................... 9 A. Country Context................................................................................................................................ 9 B. Sectoral and Institutional Context .................................................................................................... 9 C. Relevance to Higher-Level Objectives ............................................................................................ 11 2. PROJECT DESCRIPTION .................................................................................................. 13 A. Project Development Objective ..................................................................................................... 14 B. Project Components ....................................................................................................................... 14 C. Project Beneficiaries ....................................................................................................................... 17 D. Results Chain .................................................................................................................................. 18 E. Rationale for Bank Involvement and Role of Partners ................................................................... 18 F. Lessons Learned and Reflected in the Project Design .................................................................... 19 3. IMPLEMENTATION ARRANGEMENTS ............................................................................ 21 A. Institutional and Implementation Arrangements .......................................................................... 21 B. Results Monitoring and Evaluation Arrangements......................................................................... 21 C. Sustainability ................................................................................................................................... 22 4. PROJECT APPRAISAL SUMMARY ................................................................................... 22 A. Technical, Economic, and Financial Analysis .................................................................................. 22 B. Fiduciary .......................................................................................................................................... 24 C. Safeguards ...................................................................................................................................... 29 D. Readiness for Implementation ....................................................................................................... 31 5. KEY RISKS ..................................................................................................................... 32 ANNEX 1: Implementation Arrangements and Support Plan .......................................... 48 ANNEX 2: Project Design Analysis .................................................................................. 57 ANNEX 3: Economic and Financing Analysis ................................................................... 86 ANNEX 4: Map .............................................................................................................. 91 The World Bank Gansu Revitalization and Innovation Project (GRIP) (P158215) DATASHEET BASIC INFORMATION BASIC_INFO_TABLE Country(ies) Project Name China Gansu Revitalization and Innovation Project Project ID Financing Instrument Environmental Assessment Category Investment Project P158215 A-Full Assessment Financing Financing & Implementation Modalities [ ] Multiphase Programmatic Approach (MPA) [ ] Contingent Emergency Response Component (CERC) [ ] Series of Projects (SOP) [ ] Fragile State(s) [ ] Disbursement-linked Indicators (DLIs) [ ] Small State(s) [✓] Financial Intermediaries (FI) [ ] Fragile within a non-fragile Country [ ] Project-Based Guarantee [ ] Conflict [ ] Deferred Drawdown [ ] Responding to Natural or Man-made Disaster [ ] Alternate Procurement Arrangements (APA) Expected Approval Date Expected Closing Date 04-Jun-2019 30-Jun-2025 Bank/IFC Collaboration Joint Level Yes Complementary or Interdependent project requiring active coordination Proposed Development Objective(s) The project development objectives are to increase income-generating opportunities, improve access to infrastructure and services, and strengthen institutional capacity of participating entities. Page 1 of 92 The World Bank Gansu Revitalization and Innovation Project (P158215) Components Component Name Cost (US$, millions) Component 1: Increased Access to Financial Services for MSEs 50.00 Component 2: Urban-Rural Regeneration 114.00 Component 3: Institutional Strengthening and Global Knowledge Transfer 16.00 Organizations Borrower: People's Republic of China Implementing Agency: Gansu Provincial Department of Culture and Tourism Gansu Financing Holding Group PROJECT FINANCING DATA (US$, Millions) SUMMARY-NewFin1 Total Project Cost 312.63 Total Financing 312.63 of which IBRD/IDA 180.00 Financing Gap 0.00 DETAILS-NewFinEnh1 World Bank Group Financing International Bank for Reconstruction and Development (IBRD) 180.00 Non-World Bank Group Financing Counterpart Funding 132.63 Borrowing