Release date: 30 January 2009
Promoter – Financial Intermediary
People’s Republic of China
Location
Description
Reforestation schemes and repairs of irrigation reservoirs in the earthquake damaged areas of the Sichuan province.
Objectives
The project concerns the reconstruction activities required as a consequence of the Wenchuan’s 2008 earthquake in the sector of forestry/biodiversity (around 120,000 ha of forest concerned) as well as the rehabilitation of affected irrigation and drinking water reservoirs (528 reservoirs included in the project) in the Sichuan Province of China.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 121 million (USD 160 million).
Total cost (Approximate amount)
The project cost is estimated at EUR 254 million (USD 337 million).
Environmental aspects
The project is part of the overall reconstruction program of the post-earthquake damaged areas in Sichuan Province. The afforestation component has an environmental focus: the restoration of existing forestry ecosystems destroyed by the land sliding. The reservoir component intends to restore and update the security conditions of existing water storage facilities. The project has a positive social development impact by providing employment opportunities to the population in the earthquake affected region. An EIA is not required in principle.
Procurement
Procurement will be undertaken in accordance with the Bank’s procurement guidelines.
Status
Signed - 14/04/2009
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).