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    Summary sheet

    Release date
    30 July 2015
    Status
    Reference
    Approved | 12/04/2016
    20150415
    Project name
    Promoter - financial intermediary
    CCCFL - HUBEI FORESTRY
    PUBLIC ENTITY(IES)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 25 million
    EUR 50 million
    Location
    Sector(s)
    Description
    Objectives

    The project is to afforest and rehabilitate 6,207 ha of degraded forests and abandoned marginal lands in Hubei province in China. The project includes investment in supporting facilities such as nurseries and forest roads. The project is an allocation under the China Climate Change Framework Loan (2006-0086).

    The project promotes sequestration of carbon through biological growth of sustainably managed plantations. Climate adaptation is addressed by increasing forest cover and building forest root systems that stabilise soil and increase soil water-retention capacity in vulnerable areas so as to combat landslides and soil erosion.

    Environmental aspects
    Procurement

    The project improves management of existing forests and establishes new forests on abandoned and degraded lands. All together 16 species including a range of rare native trees are planted. The growing trees will sequester carbon, diversify forest landscape, and protect vulnerable areas against soil erosion. The project will also generate income and employment for local villagers and improve their forest management capacity. The environmental impact assessment (EIA) was completed in January 2015.

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

    Related projects

    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 Impact Assessment (ESIA) - CCCFL - HUBEI FORESTRY - Environmental Impact Assessment
    Publication Date
    24 Feb 2016
    Document language
    Main Topic
    Lending
    Document Number
    64888127
    Document Focus
    Environmental Information
    Project Number
    20150415
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - CCCFL - HUBEI FORESTRY - Social Impact Report
    Publication Date
    24 Feb 2016
    Document language
    Main Topic
    Lending
    Document Number
    64890986
    Document Focus
    Environmental Information
    Project Number
    20150415
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - CCCFL - HUBEI FORESTRY
    Publication Date
    27 Apr 2016
    Document language
    Main Topic
    Lending
    Document Number
    66105804
    Document Focus
    Environmental Information
    Project Number
    20150415
    Countries
    Publicly available
    Download now
    Other links

    General enquiries and comments

    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.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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