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Signature(s)

Amount
€ 300,000,000
Countries
Sector(s)
China : € 300,000,000
Transport : € 60,000,000
Water, sewerage : € 90,000,000
Energy : € 150,000,000
Signature date(s)
29/12/2017 : € 60,000,000
29/12/2017 : € 90,000,000
29/12/2017 : € 150,000,000
Link to source

Summary sheet

Release date
21 September 2017
Status
Reference
Signed | 29/12/2017
20160499
Project name
Promoter - financial intermediary
CHINA CLIMATE EXIMBANK FRAMEWORK LOAN
PRIVATE ENTITY(IES), PUBLIC ENTITY(IES)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 300 million
EUR 1000 million
Location
Sector(s)
  • Transport - Transportation and storage
  • Water, sewerage - Water supply; sewerage, waste management and remediation activities
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The proposed framework loan aims to finance diverse sizes of sub-projects eligible under the Bank's own-risk, Climate Action and Environment Facility (CAEF), with a strong focus on climate change mitigation and adaptation. This operation would be a sovereign loan, which will be on-lent by China's main policy bank, Eximbank, as a financial intermediary, to sub-projects in 2017-2020.

The proposed operation contributes to the EU priorities and country development objectives under the EU-China 2020 Strategic Agenda for Cooperation and the EU-China Partnership on Climate Change 2015, in particular regarding enhancing the EU-China's strategic and partnership cooperation on climate change and environmental protection.

Environmental aspects
Procurement

The Bank will require the promoters to ensure that implementation of the project will be done in accordance with the Bank's Social and Environmental standards and policies.

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

Comments

The EIB is expected to provide significant added value to the growth of the financial intermediary's portfolio related to climate change mitigation and adaptation, sustainable water use and environmental protection.

Link to source

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) - CHINA CLIMATE EXIMBANK FRAMEWORK LOAN
Publication Date
15 Jan 2018
Document language
Main Topic
Lending
Document Number
77455396
Document Focus
Environmental Information
Project Number
20160499
Countries
Publicly available
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