[Hong Kong Commercial Daily News] Reporter Guo Meiqin and Duan Jingjing reported on December 30: Recently, the National Development and Reform Commission officially approved the European Investment Bank loan for the Yangtze River Economic Belt Rare Tree Species Protection and Development Project Fund Application Report, the Ministry of Finance and the European Investment Bank formally signed The project loan agreement indicates that the project will be officially launched in Jiangxi Province.
Geographical map of the Yangtze River Economic Belt
The Yangtze River Economic Belt Rare Tree Species Protection and Development Project was jointly financed by the World Bank and the European Investment Bank. The project loan amount reached US $ 370 million. It is currently the largest loan project invested by the International Financial Organization in China's forestry sector. The project involves Anhui, Jiangxi, and Sichuan. 3 provinces.
The Jiangxi Provincial Investment Bank loan applied for the Jiangxi Yangtze River Economic Belt Rare Tree Species Protection and Development Project is one of its sub-projects, with a planned total investment of 1.5 billion yuan, of which the application for the European Investment Bank loan of 100 million euros (equivalent to RMB 750 million) ; Construction period of 5 years (2019-2023), repayment period of 25 years (including grace period of 5 years).
The project is distributed in 25 counties (cities and districts) including Chongyi County, Jishui, and Hengfeng County, including 10 districts and cities, such as Ganzhou, Ji'an, and Shangrao. It will create a mixed forest of 55,000 hectares of rare and rare tree species, of which 18,000 hectares will be newly created. Rehabilitation of 32,000 hectares and 5,000 hectares. The project focuses on the protection and development of rare tree species, with the goal of improving the quality of forest ecosystems, enhancing the ability to respond to climate change, increasing biodiversity and forest carbon sinks in the Yangtze River Basin, and reducing soil and water loss.
Rare tree species play an important role in maintaining system stability and enriching biodiversity. The European Investment Bank loaned the Jiangxi Yangtze River Economic Belt Rare Tree Species Protection and Development Project through scientific planning to scientifically promote the protection and development of rare tree species, which is conducive to improving forest quality, improving the structural stability of ecosystems, enriching biodiversity, and continuously enhancing the comprehensive forest efficiency . It is of great practical significance to enhance Jiangxi's timber supply capacity, improve regional resources and environmental support capacity, promote local economic and social development, and improve people's production and living conditions and people's livelihood.
It is understood that the European Investment Bank loan Jiangxi Yangtze River Economic Belt Rare Tree Species Protection and Development Project to be launched this time is the third phase of the forestry project implemented in Jiangxi by the European Investment Bank loan. The first two phases of the European Investment Bank loan project (Jiangxi Biomass Energy Forest Demonstration Project and Jiangxi Poyang Lake Basin Forest Quality Improvement Demonstration Project) have been fully prepared, started early, made rapid progress, and achieved good results, which have been well evaluated by the European Investment Bank.
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