IMAR TONGLIAO SAND DUNES SHELTERBELT FORESTS

Promoter – Financial Intermediary

TONGLIAO MUNICIPALITY

Location

• China

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)

• Agriculture, fisheries, forestry - Agriculture, forestry and fishing

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