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    Reference: 20190157
    Release date: 20 March 2020

    Promoter – Financial Intermediary

    TONGLIAO MUNICIPALITY

    Location

    Description

    This operation is to finance a comprehensive desertification control investment programme through afforestation and implementation of sustainable forest management practices in Horqin Sandy Lands, Tongliao City, Inner Mongolia Autonomous Region (IMAR), China. The total project area is about 138,000 ha. The implementation period is 2020-2024.

    Objectives

    The main purpose of the investments is to protect biodiversity and enhance resilience and adaptation to the negative impacts of climate change. The project is expected to contribute significantly to the effective control of encroachment by sand dunes in the Horqin Sandyland region, enhance the region's resilience against the negative impact of climate change, help climate mitigation by sequestering greenhouse gases, promote biodiversity and improve the livelihood of rural population. This project is fully in line with the EU's policy objectives (EU 2016 Strategy on China, which calls for increased cooperation on climate change, and the EU-China 2020 Strategic Agenda for Cooperation - key themes of climate change adaptation and mitigation, and environmental protection).

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 300 million

    Total cost (Approximate amount)

    EUR 658 million

    Environmental aspects

    The project will have to comply with the EIB's environmental and social (E&S) requirements. The E&S aspects and permitting situation as well as the demands and requirements of the competent local environmental authorities will be part of the usual Bank's project due diligence.

    Procurement

    The promoter has to ensure that the project is implemented in accordance with the EIB's Guide to Procurement.

    Status

    Signed - 29/06/2020

    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