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EC-LINK NEWS

Training Session in Weihai for Green Project Financing
13 Jul, 2020

On June 29-July 3, 2020, EC-Link team paid the second mission to Weihai. The purpose of this mission is to work with specific project managers to provide further information and data, in accordance with the detailed requirements of eligibilities for applying Shang Dong Green Development Fund, and its particular focus indicators, such as, pollution reduction, social and economic development impact, etc. This on-site work will help establish whether the projects can be structured for applications and to guide the city to complete the pre-feasibility studies (PFS) - providing further detail and proof of readiness.

During these five days mission, five projects in the field of Railway electrification transformation, coastal zone rehabilitation, new energy bus promotion and supporting facilities as well as ecological rehabilitation of abandoned mines are shortlisted as they may have good potential for applying the Fund.

There was specific workshop with each project managers for developing the detail information. It was designed to help the project staff to prepare detail information/material/ data as required. 

Before the workshops, training session was arranged for the project sponsors, which helped them to better understand the green financing mechanism reflected to apply SGDF financing, and the process of the pre-feasibility study. The training mainly covered three parts: 1) introduction of Shandong Green Development Fund and application, 2) Green criteria and project eligibilities, and 3) Pre-feasibility Study and green rating.

Those workshops, trainings and on-site investigations done by EC-Link team during this mission, have received highly appreciation from Weihai Local HURD.

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