Project Detail |
The objective of the Project is to improve the ecological environment in Hunan Green Heart Area by improving water quality and flood control, and restoring the local ecological environment. The NDB will support the Project through a Project Financing Facility loan up to CNY 2 billon to the People’s Republic of China, and subsequently to the People’s Government of Hunan Province. The loan will be on-lent to eligible subprojects that aim to improve flood control, restore integrated ecosystem, rehabilitate river courses and improve sewage treatment in the watershed of the Xiang River.
The Project comprises subprojects located in the Project Area of three cities: Changsha, Zhuzhou and Xiangtan. The Project components are designed to improve wastewater treatment by building wastewater pipelines, enhance flood control and drainage through rehabilitation of river courses, promote afforestation, and improve water quality and quality of life for people in the area.
The first four subprojects are expected to be implemented over a period of 42 months ending in December 2020. Suppliers for the Project will be selected through a competitive and transparent bidding process.
The Loan will be repayable in 32 semi-annual equal principal installments over 16 years. |