Heilongjiang Green Diversification (EIB-20160496)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Municipalities of Jixi, Hegang, Qitaihe and Shuangyashan
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
People's Republic of China- PUBLIC ENTITY(IES) (TBD)
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Transport
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ EIB website

Updated in EWS Oct 17, 2017

Disclosed by Bank Jul 6, 2017


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Project Description
According to EIB's website, the proposed operation will finance cleaner, more climate-friendly and more diversified infrastructure project components across four municipalities in Heilongjiang Province (Jixi, Hegang, Qitaihe and Shuangyashan), which are currently in a phase of economic decline, due to their historic dependence on coal. The operation will include improved flood and water management, biodiversity protection at old mining sites, cleaner public transport and more energy-efficient district heating. The Asian Development Bank and the EIB will co-finance this project. The proposed operation will be structured under the Bank's own-risk Climate Action and Environment Facility (CAEF).
Investment Description
  • European Investment Bank (EIB)
Contact Information
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