Final Report - Asian Development Bank

iv
Impact and Outcome The Project Impact is to improve Rural wellbeing based on sustainable
conservation and use of Qinling Mountains resources. The outcome of
the Project is to introduce integrated landscape management to provide
sustainable livelihoods for the population of the Project area
demonstrated to wider Qinling Mountains.
Project Investment Plan The investment cost of the project is estimated at $129.2 million
including taxes and duties of $6.0 million.
Financing Plan Source Total Percent
A. Asian Development Bank 40.0 31
B. Global Environment Facility 4.27 3.3
C. Government
1. Shaanxi Provincial Government 4.2 3.3
2. Qinling Botanical Garden 44.2 34.2
3. Shaanxi Animal rescue Center 31.1 24.1
4. Shaanxi Forest Bureau JV 5.3 4.1
Subtotal (D) 84.8 65.7
Total 129.2 100.0
Allocation and Relending
Terms
Period of Utilization Until 31 November 2013
Estimated Project
Completion Date
A loan of $40 million from the ordinary capital resources of the Asian
Development Bank (ADB) will be provided under ADB’s London
interbank offered rate (LIBOR)-based lending facility. The loan will have
a 25-year term including a grace period of 5 years, an interest rate
determined in accordance with ADB’s LIBOR-based lending facility, and
a commitment charge of 0.35% per annum, and other such terms and
conditions set forth in the draft loan agreement. The front-end fee will be
waived, subject to the Board’s approval.
GEF grant co-financing of $4.27 million, which will be administered by
ADB, has been proposed for the Project.
The PRC Government will relend the proceeds of the ADB loan to SPG
under the same terms and conditions as those of the original loan. The
interest rate will be at the same LIBOR-based rate paid by the PRC and
will be subject to the same terms and conditions as the PRC loan. SPG
will on-lend to the participating implementing agencies under the same
terms and conditions as the relending to SPG, including a 25-year loan
with a 5-year grace period. The interest rate payable on the loan would
be subject to the same LIBOR-based terms and conditions as the loan to
the SPG.
31 March 2013