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    Référence: 20150903
    Date de publication: 13 juin 2017

    Promoteur – Intermédiaire Financier

    PUBLIC ENTITY(IES)

    Lieu

    Description

    The project is to rehabilitate and afforest 2,037 ha of degraded, mainly abandoned iron-mining land in Ningcheng County, Inner Mongolian Autonomous Region in China. The project includes investments in the necessary supporting facilities, including 30 km of forest roads.

    Objectifs

    The project contributes to establishing sustainable and diversified forest ecosystems and landscaping on heavily degraded lands that consist mainly of old abandoned iron ore mining areas. The project targets primarily environmental benefits and externalities to sequester and store carbon, to improve air and fresh water quality and to improve biodiversity in the area that is adjacent to a rather intensively populated urban centre. To make it financially feasible the project will also invest in edible fruit/seed production on the parcels most suitable for this purpose.

    Secteur(s)

    Montant BEI envisagé (montant approximatif)

    EUR 30 million

    Coût total (montant approximatif)

    EUR 60 million

    Aspects environnementaux

    The environmental impact assessment (EIA) was completed in November 2016. The project has obtained the statutory environmental permits from the relevant authority and the project planning complies with the environmental and social requirements of the Bank. The project greatly improves the quality of the environment in the city of Chifeng and in the region in general. It contributes to the vegetation belt established to prevent frequent harmful sandstorms in north-east China. It contributes to climate change mitigation and adaptation through carbon sequestration, improved biodiversity and resilience of ecosystem functions. Vegetation cover will improve water retention and the catchment capacity of the project sites.

    Passation des marchés

    The Bank will require the promoter to ensure that the project is implemented in accordance with the Bank's Guide to Procurement.

    Statut

    Approuvé - 29/09/2017

    Clause de non-responsabilité

    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).

    Mots-clés correspondants

    Chine Agriculture, pêche, sylviculture