Environmentally Sustainable Development of the Iron and Steel Industry (WB-P173461)

Countries
  • China
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
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.
Borrower
People's Republic of China
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Industry and Trade
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)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS May 12, 2020

Disclosed by Bank Apr 10, 2020


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Project Description

According to the bank document, "the project development objective is to demonstrate and promote best available techniques and best environmental practices that will reduce and avoid unintentionally produced persistent organic pollutants in the Chinese iron and steel industry in a sustainable way."

 

Investment Description
  • World Bank (WB)

Counterpart Funding (Non-World Bank Group Financing)

Borrower/Recipient US$ 1.00 million

Local Govts. (Prov., District, City) of Borrowing Country US$ 6.50 million

Local Beneficiaries US$ 167.50 million

Contact Information

1/World Bank Contact

Laurent Granier: Senior Environmental Specialist

2/Borrower/Client/Recipient

People's Republic of China

Contact: Wenxing Pan

Title: Director of IFI Division III, Ministry of Finance

Email: tianmin@mof.gov.cn

3/ Implementing Agencies

Foreign Environmental Cooperation Office of the Ministry of Ecology and Environment (FECO)

Contact: Lifeng Yu

Title: Deputy Director-General

Email: yu.lifeng@mepfeco.org.cn

FOR MORE INFORMATION CONTACT
The World Bank
1818 H Street, NW
Washington, D.C. 20433
Telephone: (202) 473-1000
Web: http://www.worldbank.org/projects

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: https://www.inspectionpanel.org.