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    Reference: 20160280
    Release date: 7 September 2017

    Promoter – Financial Intermediary

    PUBLIC ENTITY(IES)

    Location

    Description

    The project afforests 3,105 ha of bare or degraded lands and rehabilitates 4,425 ha of existing low quality forests. The total project area is 7,530 ha. The project also upgrades 83 km of forest roads and builds two fire watch towers.

    Objectives

    The project supports improved carbon sequestration and storage through afforestation of degraded lands and rehabilitation of existing low quality forest lands. Climate adaptation is addressed by increasing ecosystems' resilience to drought, soil erosion, landslides and flooding. This is achieved through improved forest cover with different types of forested habitats and mixed afforestation models using tree and shrub species adapted to local climatic conditions.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 100 million

    Environmental aspects

    The project activities improve the quality of environment in the erosion prone and polluted region of Shaanxi. An independent Environmental Impact Assessment (EIA) of the project was completed in January 2017 and the EIA report has been submitted to the Hancheng Municipal Environmental Authority for approval. The promoter shall submit to the Bank the approval document (corresponding to the project's environmental permit) prior to the first loan disbursement.

    Procurement

    Where appropriate, the procurement shall comply with EU and Chinese national rules for open international bidding. The Bank will require the promoter to ensure that the project is implemented in accordance with the Bank's Guide to Procurement.

    Status

    Approved - 27/10/2017

    Disclaimer

    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 Agriculture, fisheries, forestry