China’s first green bond for the Yangtze River protection in transportation field approved

A 10-year special green bond of RMB1 billion for Yangtze River protection registered by Yichang Urban Construction Investment Holding Group has been formally approved by the National Development and Reform Commission recently.

A 10-year special green bond of RMB1 billion for Yangtze River protection registered by Yichang Urban Construction Investment Holding Group has been formally approved by the National Development and Reform Commission recently.

This bond is the first special green bond for the Yangtze River protection in the field of transportation in China, and it is also the first special green bond for China’s multimodal transport projects.

According to the approval requirements, the funds raised by the bonds will be used for the Baiyang Port World Bank loan project.

The project is not only an important part of the port area of the Three Gorges, but also a key support project for the implementation of the Yangtze River Economic Zone and a key node project for the dam-turning transfer system of the Three Gorges.

The project is located in the lower reaches of the Three Gorges Dam and Gezhouba Dam, focusing on the construction of multimodal transport system by water, railway, road, and air, focusing on energy-saving and environmental protection measures such as on-shore power supply system, so as to achieve green and sustainable development to the maximum extent, with strong green environmental protection benefits.

The World Bank has provided a loan of US $200 million for the project, which is the first key loan backed program in the Asia-Pacific region to focus on large-scale logistics parks.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/08/chinas-first-green-bond-for-the-yangtze-river-protection-in-transportation-field-approved/.

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