ANHUI FORESTRY (FL 20090490) (EIB-20160755)

Countries
  • China
Where the impacts of the investment may be experienced.
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
PUBLIC ENTITY
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 46.79 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 40 million
Converted using 2017-10-06 exchange rate.
Project Cost (USD)
$ 94.74 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 81 million
Converted using 2017-10-06 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Oct 6, 2017

Disclosed by Bank Sep 19, 2017


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Project Description
The project afforests 1,947 ha of bare and degraded lands and rehabilitates 7,882 ha of existing, low quality forests. The planted and rehabilitated forests will develop into diverse habitats that sequester CO2 and store carbon. They also improve biodiversity, soil and water protection and air quality in the erosion prone area. The project contributes to establishing sustainable and diversified forest ecosystems and landscaping on heavily degraded lands and by rehabilitating low quality forests. 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 adjacent area. In order to improve financial feasibility, the project will also include the production of marketable products including bamboo, tea leaves, timber, pomegranate fruits, bamboo shoots, and camellia seeds for edible oil. These products will be offered on the local market in the Anhui Province.
Investment Description
  • European Investment Bank (EIB)
Contact Information
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