IMAR TONGLIAO SAND DUNES SHELTERBELT FORESTS (EIB-20190157)

Countries
  • China
Geographic location where the impacts of the investment may be experienced.
Specific Location
Horqin Sandy Lands, Tongliao City, Inner Mongolia Autonomous Region.
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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 17, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
TONGLIAO CITY
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 337.27 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 300.00
Converted using 2020-06-17 exchange rate.
Loan Amount (USD)
$ 337.27 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 300 million
Converted using 2020-06-17 exchange rate.
Project Cost (USD)
$ 739.74 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 658 million
Converted using 2020-06-17 exchange rate.
Bank Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS Jun 22, 2020

Disclosed by Bank Jun 17, 2020

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank document, "this operation is to finance a comprehensive desertification control investment programme through afforestation and implementation of sustainable forest management practices in Horqin Sandy Lands, Tongliao City, Inner Mongolia Autonomous Region (IMAR), China. The total project area is about 138,000 ha. The implementation period is 2020-2024.

The main purpose of the investments is to protect biodiversity and enhance resilience and adaptation to the negative impacts of climate change. The project is expected to contribute significantly to the effective control of encroachment by sand dunes in the Horqin Sandyland region, enhance the region's resilience against the negative impact of climate change, help climate mitigation by sequestering greenhouse gases, promote biodiversity and improve the livelihood of rural population."

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

1/ Environmental Impact Assessment Report Contact

Competent Unit: Tongliao Municipal People’s Government
Construction Unit: Inner Mongolia Tongliao Hengrui Investment (Group)nCo., Ltd.
Compiled by: Beijing Research Institute of Uranium Geology
Legal Representative: Li Ziying
Project Director: Xia Zitong
Team Members: Wang Wei, Wang Feiyu
Audited by: Bei Xinyu
Approved by: Wen Zhijian

Contact Information:
Address: No. 10 Courtyard East Xiaoguan Alley, Anwai Street, Chaoyang
District, Beijing City
Mail Address: 9818 Mailbox, Beijing 100029
Phone: 010-64910936
Tax: 010-64910936
E-mail: briugeia@163.com

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