CCCFL - HUBEI FORESTRY

Promoteur – Intermédiaire Financier

PUBLIC ENTITY(IES)

Lieu

• Chine

Description

The project is to afforest and rehabilitate 6,207 ha of degraded forests and abandoned marginal lands in Hubei province in China. The project includes investment in supporting facilities such as nurseries and forest roads. The project is an allocation under the China Climate Change Framework Loan (2006-0086).

Objectifs

The project promotes sequestration of carbon through biological growth of sustainably managed plantations. Climate adaptation is addressed by increasing forest cover and building forest root systems that stabilise soil and increase soil water-retention capacity in vulnerable areas so as to combat landslides and soil erosion.

Secteur(s)

• Agriculture, pêche, sylviculture - Agriculture, sylviculture et pêche

Montant BEI envisagé (montant approximatif)

EUR 25 million

Coût total (montant approximatif)

EUR 50 million

Aspects environnementaux

The project improves management of existing forests and establishes new forests on abandoned and degraded lands. All together 16 species including a range of rare native trees are planted. The growing trees will sequester carbon, diversify forest landscape, and protect vulnerable areas against soil erosion. The project will also generate income and employment for local villagers and improve their forest management capacity. The environmental impact assessment (EIA) was completed in January 2015.

Passation des marchés

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

Statut

Approuvé - 12/04/2016