OBJECTIVE To facilitate cross-border trade by enhancing freight service efficiency of the containerized CR Express trains connecting Zhengzhou China to Europe and Central Asia. DESCRIPTION The project provides long-term Sovereign-Backed Financing (SBF) to Zhengzhou International Hub Development and Construction Co., Ltd. (ZIH) for the expansion of its freight facilities, including Multimodal Cold Storage Facilities, Type-B Bonded Logistics Center, Vehicle Imports Facility, and CR Express Logistics Information Platform Upgrade. These facilities are integral value-added components to the CR Express operated by ZIH, connecting China and European/Central Asian countries.
|Funding Agency||Amount (USD millions)||Notes|
|Asian Infrastructure Investment Bank||150|
|Government of the People’s Republic of China||109|