PROJECT

Projects

Summary of Investment Information

Project Number

45583

Company Name

SHANGHAI ZHONGGU LOGISTICS CO., LTD.

Date SPI Disclosed

Sep 9, 2022

Country

China

Region

East Asia and the Pacific

Projected Board Date

Mar 29, 2022

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jan 14, 2023

Department

Regional Industry - INF Asia & Pac

Industry

other

Previous Events

Approved : Mar 29, 2022
Signed : Sep 7, 2022
Invested : Jan 12, 2023

Sector

other

Project Description

Shanghai Zhonggu Logistics Co., Ltd. (“Zhonggu” or the “Company”) is the second largest domestic trade multimodal container transportation company in China and is listed on the Shanghai Stock Exchange. Zhonggu started as a container shipping company and gradually began to provide multimodal container transportation by supplementing railway and truck transportation after the containers arrive at the ports. It targets to provide “door-to-door” services for its customers. As of 30 June 2021, Zhonggu operated a fleet of 109 container vessels (40 owned and 69 leased). Capacity-wise, it had approximately 160,000 TEU of ship capacity and approximately 390,000 TEU of container capacity.

IFC is providing a green loan package of RMB 650 million to finance the Company’s purchase of new vessels and various types of containers to further enhance its capacity. The green loan package is expected to comply with the International Green Loan Principles.                                                    

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation