Xinhua News Agency, Hefei, April 4 (Reporters Lin Xiang and Jiang Gang) The launch meeting of the EIB loan of the Yangtze River Economic Belt Rare Tree Species Protection and Development Project was held in Dongzhi County, Chizhou City, Anhui Province.
It is reported that the total investment of the project amounts to 1.5 billion yuan, of which 100 million euros are used for loans from the European Investment Bank and 750 million yuan is used for domestic supporting facilities. It is currently the largest forestry foreign investment project organized and implemented in Anhui Province.
The reporter learned from the kick-off meeting that the construction period of the project is 5 years, the loan period is 25 years, and the grace period is 5 years.
During the calculation period of the project, a total of 3.75 million cubic meters of timber can be produced, with a direct economic benefit of more than 4.3 billion yuan.
In the 25th year after the implementation of the project, the carbon storage of the arbor layer alone will reach 5.13 million tons, and the total value is nearly 780 million yuan based on the real-time expected price of 152 yuan per ton.
The implementation of the project will contribute to achieving carbon neutrality.
"The protection and development of native and rare tree species is of great significance to adjusting forest structure, improving forest quality, improving the quality and stability of forest ecosystems, and maintaining national ecological security and timber supply security." said Qiu Hui, deputy director of the Anhui Forestry Bureau The implementation of the forest head system will enrich the experience and connotation of the new round of forest head system reform, and play an important role as a model demonstration and active guidance for the sustainable development of forestry in the province.
Li Zhong, deputy director of the World Bank Center of the State Forestry and Grassland Administration, introduced that since the 1990s, Anhui Province has organized and implemented five World Bank projects for 27 consecutive years, and has basically formed a modern engineering management system and a professional team of project management. These favorable conditions have laid a solid foundation for the smooth implementation of this project.
"Using international funds to strengthen cooperation with international financial organizations is an important part of the modernization of the forestry and grass industry." Li Zhong said, "Through the international financial platform, we can not only obtain the governance resources for preferential loans, but also promote my country's ecological construction. And biodiversity conservation work can achieve results that exceed expectations."