Release date: 1 December 2014
Promoter – Financial Intermediary
PUBLIC ENTITY(IES)Location
Description
Energy efficiency retrofitting of existing public buildings in the municipality of Urumqi (Xinjiang province).
Objectives
The project will contribute to the development of energy efficiency in buildings, and the associated avoidance of air pollution, in particular greenhouse gas emissions.
Comments
The project is in the process of being cancelled (withdrawn by the project promoter).
Sector(s)
- Industry - Construction
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.
Procurement
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.
Status
Approved - 6/02/2015
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).