A plan of alternative projects eligible for loans from foreign governments between 2019 and 2020 has been released by Shanxi Finance Department and Shanxi Development and Reform Commission.
The alternative projects focus on fields such as sustainable development, living standards, social development, and environmental protection.
State lenders in Shanxi projects have included Germany’s KfW and Agence Française de Développement (French Development Agency).
The annual quota of the FC promotional loan from KfW is 500 to 800 million euros ($570.89 million to $913.45 million), with a single project loan totaling no less than 30 million euros. Financing is provided for projects related to renewable energy and energy efficiency, biodiversity conservation and sustainable forest management, urban infrastructure construction, climate-friendly transport and projects requiring specific German experience and technology.
Loans from the French Development Agency have been given an annual quota of 200 to 300 million euros, and a single project loan must be no less than 20 million euros, with projects focusing on supporting urban sustainable development, clean and renewable energy, water treatment, natural resources and sustainable management, biodiversity conservation, and the protection of the environment and Shanxi’s heritage.
Nordic Investment Bank (NIB) also has an annual quota of 200 to 300 million euros, with any single loan needing to be at least $20 million. The loan ratio must not exceed 50 percent of the total investment and the supply ratio of NIB members no less than 30 percent. The loans mostly must concentrate on projects in fields such as electrical transportation infrastructure, green architecture, renewable energy, and firefighting.
