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