The project will support the $160 million investment plan of Inner Mongolia Saikexing Breeding and Biotechnology Group (SKX), the fourth largest dairy farming company in the People's Republic of China (PRC), over the 2017 2018 period, including: (i) environmental capex, (ii) food safety capex, and (iii) modern dairy farm expansion capex. As such, the project will promote modern dairy farming with better environmental sustainability and product safety.
The project will promote modern dairy farming with better environmental sustainability and product safety. The project is consistent with the 2015 strategic orientations for the agriculture sector provided by the Central Committee of the Communist Party of China and the PRC government as a contribution to the country's Thirteenth Five-Year Plan (2016 2020), which set policy objectives for the sector, including (i) enhancing environmental protection and waste treatment in agricultural production; (ii) improving the quality of agricultural products and the level of food safety; and (iii) optimizing the structure of the agricultural industry by supporting production in certain sectors, such as the livestock sector.
Commercial Banks US$ 62.5 million
Others US$ 35 million
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main