📋 Tender Overview
Project Status: Approved
Source of Funding / Amount: Loan 4204-prc: fujian xianyou mulan river basin integrated ecological improvement and environmental management project
Ordinary capital resources: US$ 200.00 million
The proposed project will improve the delivery of the people republic of chinas (prc) flagship rural vitalization strategy by cultivating institutional development solution. It aims to overcome the sustainability challenge in rural development and environmental management. The proposed project particularly aims to assist xianyou county in putian city, fujian province of the prc in developing an integrated solution to flood control, ecological restoration, and water quality improvement of mulan river, taking into consideration of climate change and environmental management to contribute to the achievement of the governments goal of fostering green, sustainable, resilient, and inclusive growth for rural development. The project will promote financial innovation and an integrated approach for rural vitalization and will bring direct benefits to inclusive development, environmental conservation, and ecological preservation, while targeting global and public goods, and inclusive growth. The project will have three outputs:output 1: innovative financing mechanism piloted. Investments in flood management, ecological restoration, and water quality improvement will reduce physical risk and improve quality of life. This will increase land value and property prices. The funding for investments can be generated from capturing the increase in land value. This output will pilot an innovative and sustainable financing mechanism primarily using land value capture tools to address insufficient long-term funding for investments. The output will include (i) tailoring a method to capture land value increase and/or other potential revenue sources for funding the investments, taking consideration of governance and oversight to ensure inclusiveness; and (ii) establishing a market-oriented financing mechanism based on the revenue generated from the land value capture and/or other sources. The capture of land value increase and/ or other revenue sources will provide a stable source of funding for investments in flood management, ecological restoration, and water quality improvement; and the market-oriented financing mechanism will render a sustainable financial incentive to mobilize private sector to participate and invest in environmental management. Output 2: institutional capacity for environmental management strengthened. This output will strengthen the xianyou county governments (xcg)s capacity in ecological restoration and management, incorporating climate change and environmental management consideration. It includes (i) integrating climate change and environmental management with flood control, ecological restoration, cultural heritage conservation, and water quality improvement; (ii) strengthening institutional capacity in planning and imp
