Jiangxi Industrial Low Carbon Restructuring and Green Development Pilot Project (NDB-jiangxiindustriallowc)

Countries
  • China
Where the impacts of the investment may be experienced.
Financial Institutions
  • New Development Bank (NDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
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.
Voting Date
Aug 30, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
People's Republic of China
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
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, etc.
Investment Amount (USD)
$ 200.00 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 USD 200 million
Converted using 2019-10-06 exchange rate.
Loan Amount (USD)
$ 200.00 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 USD 200 million
Converted using 2019-10-06 exchange rate.
Primary Source

Original disclosure @ NDB website

Updated in EWS Jan 10, 2020


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Project Description

According to the bank document, the Project aims to upgrade traditional industries to achieve energy conservation, emissions reduction and better waste management. NDB will support the Project through a Project Financing Facility (PFF) loan up to USD 200 million. The loan will be on-lent to eligible subprojects. The Project comprises of a series of subprojects, which on an aggregate level will promote energy conservation, reduce waste regeneration and pollutant emission and increase industrial water "reutilization" (?) in the Jiangxi Province.

The PFF modality will allow the preparation of subprojects in a sequencing approach, with benefits from the lessons drawn from previous subprojects in the early phases. NDB will appraise the fitness of the subprojects for fund allocation and will promote lessons learned across the subprojects to benefit the overall Project.

The Jiangxi Provincial Industrial and Information Technology Commission will be the Project Implementation Agency, with a four-level institutional arrangement put in place for effective management and implementation of the Project. Procurement for the Project will be carried out in accordance with the requirement of China's national procurement laws and regulations, and the principles of NDB's procurement policy. 

The loan will be repayable in 34 semi-annual equal principal installments over 17 years.

 

Investment Description
  • New Development Bank (NDB)

NDB will provide a long-term loan up to USD 200 million, not exceeding 70% of eligible subproject expenditure. The remaining cost will be financed jointly by the People's Government of Jiangxi Province and commercial lenders.

Contact Information

*There is no further information being disclosed at this stage of the project*

For further information, comments or suggestions please reach out to us at info@ndb.int.