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    Summary sheet

    Release date
    2 September 2013
    Status
    Reference
    Approved | 12/11/2013
    20130285
    Project name
    Promoter - financial intermediary
    CFFL-HUNAN FORESTRY
    The borrower is People's Republic of China, represented by the Ministry of Finance, who will on-lend to Hunan Province. The project will be implemented by Forestry Department of Hunan Province.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 35 million
    EUR 70 million
    Location
    Sector(s)
    Description
    Objectives

    The project is one of the eight foreseen under the China Forestation Framework Loan. It comprises the development of 21 800 hectares of long-rotation plantation forests for the production of tea oil (camellia oleifera), carbon mitigation, nature conservation and soil improvements. Institutional support and technology improvements are foreseen.

    The project will increase forest coverage and standing wood biomass, while committing the local farmers to the project by producing marketable tea oil seeds. Sustainable management regimes enhancing biodiversity and soil protection will be encouraged. Forest carbon sequestration will help mitigate climate change, in line with EU policies.

    Environmental aspects
    Procurement

    The project is expected to deliver important environmental benefits in terms of climate mitigation, climate adaptation and tackling soil erosion on barren hills. Integration of best practices on sustainable management of camellia oleifera plantation. The project will bring economic and social benefits to the local communities, including minority groups, so as to have the capacity and incentives to commit to more sustainable forest management practices.

    The Bank will require the promoter to ensure that implementation of the project be done in accordance with the Bank's Guide to Procurement.

    Related projects
    Link to source
    Summary sheet

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - CFFL-HUNAN FORESTRY
    Publication Date
    2 Jan 2014
    Document language
    Main Topic
    Lending
    Document Number
    49150784
    Document Focus
    Environmental Information
    Project Number
    20130285
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - CFFL-HUNAN FORESTRY
    Publication Date
    17 Jun 2014
    Document language
    Main Topic
    Lending
    Document Number
    53219977
    Document Focus
    Environmental Information
    Project Number
    20130285
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - CFFL-HUNAN FORESTRY - Hunan Camellia Oleifera Dev. Project - Social Assessment Report
    Publication Date
    20 Sep 2016
    Document language
    Main Topic
    Lending
    Document Number
    53222452
    Document Focus
    Environmental Information
    Project Number
    20130285
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - CFFL-HUNAN FORESTRY
    Publication Date
    29 Dec 2021
    Document language
    Main Topic
    Lending
    Document Number
    152526845
    Document Focus
    Environmental Information
    Project Number
    20130285
    Countries
    Publicly available
    Download now
    Other links

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