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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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The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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