51194-003: Green Finance Catalyzing Facility | Asian Development Bank

China, People's Republic of: Green Finance Catalyzing Facility

Sovereign (Public) Project | 51194-003 Status: Active

The Facility will finance a pool of green projects sponsored by local governments through ring fenced and special purpose vehicles with mandatory green (e.g. carbon reduction plus land, water, and air pollution indicators) and financial bankability (e.g. financial internal rate of return, debt service coverage ratio) indicators; conditional on PIC leverage ratios; and cross-sector: (i) water and sanitation, including drainage and sponge cities; (ii) urban transport, including electric vehicles and public transport; (iii) waste management, including waste to energy and hazardous waste; (iv) environment, including forestry and land remediation. The program could also support ADB PRC flagship programs, particularly "Yangtze River Economic Belt Framework," "Low Carbon City," and the "Belt and Road" initiative by leveraging sovereign funding.

Project Details

Project Officer
Jenny, Hubert M. East Asia Department Request for information
Country
  • China, People's Republic of
Sector
  • Finance
 
Project Name Green Finance Catalyzing Facility
Project Number 51194-003
Country China, People's Republic of
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9398-PRC: Green Finance Catalyzing Facility
Technical Assistance Special Fund US$ 300,000.00
Cooperation Fund for Project Preparation in the Greater Mekong Subregion and in Other Specific Asian Countries US$ 150,000.00
TA 9398-PRC: Green Finance Catalyzing Facility (Supplementary)
Financial Sector Development Partnership Special Fund US$ 225,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Finance / Infrastructure finance and investment funds

Gender Equity and Mainstreaming Some gender elements
Description The Facility will finance a pool of green projects sponsored by local governments through ring fenced and special purpose vehicles with mandatory green (e.g. carbon reduction plus land, water, and air pollution indicators) and financial bankability (e.g. financial internal rate of return, debt service coverage ratio) indicators; conditional on PIC leverage ratios; and cross-sector: (i) water and sanitation, including drainage and sponge cities; (ii) urban transport, including electric vehicles and public transport; (iii) waste management, including waste to energy and hazardous waste; (iv) environment, including forestry and land remediation. The program could also support ADB PRC flagship programs, particularly "Yangtze River Economic Belt Framework," "Low Carbon City," and the "Belt and Road" initiative by leveraging sovereign funding.
Project Rationale and Linkage to Country/Regional Strategy The Facility aims to integrate an explicit leveraging of concessional funds with bankability development and direct catalysis of private, institutional and commercial (PIC) finance into green projects, defined by two pillars, financial bankability and environmental sustainability. Facility funds will be linked to, (i) achieving project bankability, (ii) creating powerful green impacts, (iii) ushering high-end technology, construction and operational efficiencies, (iv) revolving and innovative financing structures aligned with risk mitigating periods, and (v) accessing capital markets. The Facility will be designed to attract PIC funds to a pooled de-risked structure.
Impact
Project Outcome
Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services The Asian Development Bank will engage a total of 33 person-months of individual consultants in accordance with ADB Procurement Policy (2017, as amended from time to time) and the associated project administration instruction and TA staff instructions.
Responsible ADB Officer Jenny, Hubert M.
Responsible ADB Department East Asia Department
Responsible ADB Division Public Mgt, Financial Sector and Regional Coop Division, EARD
Executing Agencies
Ministry of Finance
Sanlihe, Xicheng District
Beijing,100820
People's Republic of China
Timetable
Concept Clearance -
Fact Finding -
MRM -
Approval 03 Oct 2017
Last Review Mission -
Last PDS Update 09 Mar 2018

TA 9398-PRC

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
03 Oct 2017 05 Jan 2018 05 Jan 2018 30 Jun 2018 30 Jun 2019 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
525,000.00 150,000.00 0.00 0.00 0.00 0.00 675,000.00 03 Oct 2017 156,695.96

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Related Publications

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