| Project Detail |
Bank of Huzhou (BOH) expands its lending to infrastructure projects in Zhejiang Province in line with the strategic plan of the Chinese Government to implement the agenda for sustainable development and the objective to reach carbon neutrality by 2060. Zhejiang Province and Huzhou City have been nominated as the National Green Finance Reform and Innovation Pilot Zone. BOH is one of the key lenders in the area, and it has approved a strategy which includes pioneering in green finance, servicing local economy, providing inclusive finance and introducing high technology and innovations. NDB will provide the Loan to BOH alongside knowledge sharing to support its development strategy.
The proposed Loan will enable the Borrower to expand its financing for sustainable infrastructure development. This is expected to contribute towards (i) increasing the installed sources of renewable energy (i.e. rooftop solar panels to cater to local renewable energy needs), (ii) rehabilitation of surface water bodies and comprehensive improvement of water environment, and (iii) construction of transport infrastructure (i.e. smart parking with charging facilities for electrical vehicles).
BOH will be responsible for identifying and selecting Sub-Projects for NDB financing based on pre-agreed eligibility criteria. Bank of Huzhou will also be responsible for appraising, financing, and monitoring Sub-Projects. |
