According to the bank document, the project development objective is to provide sustainable long-term financing to green infrastructure in selected small towns in the Shanghai metropolitan area and Yangtze river delta region. The achievement of the PDO will be measured through the following Key Performance indicators:
(1) The quantity of own capital provided by institutional investors to set up the facility;
(2) A total amount of long term funding lent to targeted green investments (placeholder PDO indicator for ‘green’ element);
(3) Number of sub-national entities accessing the lending facility;
(4) A medium-term bond that pools financing needs of small towns issued.
Component 1. Facility Capital Funding (IBRD Loan: US$ 290 million). This component will provide initial low-cost long-term funding for small town green infrastructure to accelerate the facility start-up.
Component 2. Guarantee for Bond Issuance (IBRD Loan: US$ 50 million). The objective of this component is to support the facility’s ability to issue medium to long-term bonds with attractive pricing by providing a guarantee for bond issuance to enable the bonds to obtain a sufficiently high credit rating.
Component 3. Facility Capacity Enhancement and Project Management (IBRD Loan: US$ 10 million). This component will support capacity building within the Facility to scale up of operations.
The project category can be falling between A or B
1/World Bank Contact
Contact: Alessandra Campanaro
Title: Sr Urban Spec.
Name: PEOPLE'S REPUBLIC OF CHINA
Contact: Jiandi Ye
Title: Director, IFI Division I, Ministry of Finance
Name: Shanghai Municipal Investment (Group) Corporation
Contact: Zhiqiang Wang
Title: Vice President
For more information contact:
The World Bank 1818 H Street, NW Washington, D.C. 20433
Telephone: (202) 458-4500
Fax: (202) 522-1500
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