CFFL-HUNAN FORESTRY

Projektträger – zwischengeschaltetes Finanzinstitut

The borrower is People's Republic of China, represented by the Ministry of Finance, who will on-lend to Hunan Province. The project will be implemented by Forestry Department of Hunan Province.

Ort

• China

Beschreibung

The project is one of the eight foreseen under the China Forestation Framework Loan. It comprises the development of 21 800 hectares of long-rotation plantation forests for the production of tea oil (camellia oleifera), carbon mitigation, nature conservation and soil improvements. Institutional support and technology improvements are foreseen.

Ziele

The project will increase forest coverage and standing wood biomass, while committing the local farmers to the project by producing marketable tea oil seeds. Sustainable management regimes enhancing biodiversity and soil protection will be encouraged. Forest carbon sequestration will help mitigate climate change, in line with EU policies.

Kommentar(e)

Sektor(en)

• Landwirtschaft, Fischerei, Forstwirtschaft - Land- und Forstwirtschaft, Fischerei

Vorgeschlagene EIB-Finanzierung (voraussichtlicher Betrag)

EUR 35 million

Gesamtkosten (voraussichtlicher Betrag)

EUR 70 million

Umweltaspekte

The project is expected to deliver important environmental benefits in terms of climate mitigation, climate adaptation and tackling soil erosion on barren hills. Integration of best practices on sustainable management of camellia oleifera plantation. The project will bring economic and social benefits to the local communities, including minority groups, so as to have the capacity and incentives to commit to more sustainable forest management practices.

Auftragsvergabe

The Bank will require the promoter to ensure that implementation of the project be done in accordance with the Bank's Guide to Procurement.

Projektstatus

Genehmigt - 12/11/2013