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    Reference: 20140060
    Release date: 1 December 2014

    Promoter – Financial Intermediary

    The borrower is People's Republic of China, represented by the Ministry of Finance, who will on-lend to the Urumqi Municipality, Xinjiang Province.



    The project is an allocation under the China Climate Change Framework Loan II and consists of thermal refurbishment of 1.26 million m2 of existing public buildings in the city of Urumqi.The works mainly consist of replacing and improving the insulation of the building envelope (including windows) as well as renovation of heat piping (insulation) and electric appliances (lights, pumps, etc.). Individual metering will be installed for users to monitor their consumption. Potentially, the project scope could be extended to also include efficiency improvements to the existing district heating system.


    The project will contribute to the development of energy efficiency in buildings, and the associated avoidance of air pollution, in particular greenhouse gas emissions.


    Proposed EIB finance (Approximate amount)

    EUR 40 million

    Total cost (Approximate amount)

    EUR 87 million

    Environmental aspects

    The project will have a positive impact on the environment by reducing the need for fossil fuels for heating and thus indirectly reducing pollution (mainly airborne pollution including CO2) in an urban environment. Inside the EU the project would not be subject to an environmental impact assessment (EIA), however Chinese regulation requires an EIA to be performed. The promoter has shared a draft environmental impact assessment report: at this stage no material issues are expected. The project will raise certain health and safety issues, including fire safety, which need to be managed properly. Adherence to the Bank's environmental and social standards will be further assessed during appraisal.


    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.


    Approved - 6/02/2015


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

    Related tags

    China Industry