World Bank Group’s Board of Executive Directors approved a loan to support urban rail development in Henan’s provincial capital Zhengzhou.
The Zhengzhou Urban Rail Project, financed with an IBRD loan of USD 250 million, will support construction of the Urban Rail Line 3 that will connect the city center of Zhengzhou with its northwest and southeast development areas. This is the third urban rail project that the World Bank has supported in China, after the Kunming Urban Rail Project and Nanchang Urban Rail Project.
“The project will ensure good accessibility to rail stations by public transit, biking and walking. It will also emphasize better integration of land use planning and urban transport,” said Gerald Ollivier, Senior Transport Specialist at the World Bank. “Knowledge gained in this project will also contribute to solutions in other cities in China, through TransFORM, a collaborative transformation and innovation platform between China’s Ministry of Transport and the World Bank, to make transport safer, cleaner and more affordable in China,” he added.
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