China - Shanghai Environment Project

/4/-V -_ / 5 / . Doc_mgnt of The World Bank FOR OMCIAL USE ONLY Report No, P-6170-4CRA MMORANDUM AND RE]KCOMENDATION OF THE PRESIDENT OF THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELM TO THE ExECwTIVE DIRECTORS ON & PROPOSED LOAN IN TilE ANOUNT EQUIVALENT TO $160 MILLION TO THE PEOPLE' S REPUBLIC OF CHINA SHANGHAI ENVIRONMENT PROJECT FEBRUARY 8, 1994 MICROGRAPHICS Report No: P- 6170 CHA Type: M'OP This doctment bas a resticted distribution and uasy be used bY recipients only in the p.rformance of ther oficial dties. Its contents may not oherw be disclod without Wordd Banl authorization.  CURRENG EOUIVALENTS (As of January 1, 1994). Currency Renminbi Currency Unit Yuan (tY) Y 1.00 - $0.11 $1.00 - Y 8.7 WRIGHTS AND MEASURES 1 millimeter (mm) - 0.0394 inch (in) 1 meter (m) - 3.2808 feet (ft) 1 kilometer (km) - 0.6214 mile (mi) 1 square meter (in) - 10.7639 square feet (it') 1 cubic meter (m3) - 35.3147 cubic feet (ft') cubic meter (3) or ton of water - 284 US gallons 1 hectare (ha) - 2.4711 acres (ac) 1 liter (1) - 0.2642 US gallon (gal) cubic meter per second (='Isec) 35.3145 cubic feet per second (cfs or cusecs) ACRONYMS AND ABBREVIATIONS EA - Environmental Assessment ICB - International Competitive Bidding LCB - Locaj. Competitive BiddinF SmmC - Shanghai Environmental ' 'litoring Center SEPB - Shanghai Rnvironmental Protamction Bureau SEPO - Shanghai Environment Project Office SERAP - Shanghai Economic Reform Actict Plan SESAB - Shanghai Environmental Sanitation Administration Bureau Sm - Shanghai Municipality SMG - Shanghai Municipal Government SMWC - Shanghai Municipal Waterworks Company SSC - Shanghai Sewerage Company SWWTP - Songjiang Wastevater Treatment Plant UNDP - United Nations Development Program FSCAL TAR January 1 - December 31  FOR OMCIAL USE ONLY SNANONAI ENVIROIMENT PROJECT Loan and Prolect Summary Borrowert People's Republic of China Beneficiarys Shanghai Municipality (SN) Amount: $160 million equivalent Te rmssTwenty years, including 5 years of grace, at the Bank's standard variable interest rate. Onlendint Termls From the Government of China to SN: 15 year^ including 5 years of grace at 90.63 percent of the Bank'c standard variable interest rate, and a commitment charge at the Bank's standard rates vith SM bearing the foreign exchange risk. From SN to inplementing public utilities: 15 years including 5 years of grace at the Bank's standard variable interest rate, and a commitment charge at the Bank's stan- dard rate, with the utilit4.es bearing the foreign ezehange risk. Financina Plant Local Foreian Total - -------- ($ million) --------- Shanghai Municipality 261.3 35.3 296.6 IBRD 0.0 160.0 160.0 Total -3193 456 E