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Green Urban Financing and Innovation Project

Abstract*

The project development objective of the Green Urban Financing and Innovation Project is to increase access to sustainable, long-term financing for selected green urban investments benefiting local governments in the Yangtze River Delta Region.It has three components. First component, Facility Credit Line will provide initial low-cost long-term funding and accelerate the Shanghai Green Urban Financing and Services Co., Ltd (FSC) facility start-up.This...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The project development objective is to increase access to sustainable, long-term financing for selected green urban investments benefitting local governments in the Yangtze River Delta Region.

Key Details

Project Details

  • P158124

  • Closed

  • Uri Raich , Wenyan Dong

  • PEOPLE'S REPUBLIC OF CHINA

  • China

  • November 6, 2017

  • (as of board presentation)

    May 21, 2019

  • April 20, 2020

  • US$ 350.00 million

  • Shanghai Green Urban Financing and Services Co., Ltd (FSC)

  • East Asia and Pacific

  • 2019

  • US$ 124.87 million

  • F

  • Not Applicable

  • June 30, 2025

  • Yes

  • BANK APPROVED

  • November 22, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Borrowing Agency 148.00
GERMANY: KREDITANSTALT FUR WIEDERAUFBAU (KFW) 62.11
International Bank for Reconstruction and Development 62.76

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 62.76
IDA Commitment N/A
IBRD + IDA Commitment 62.76
Lending Instrument
Grant Amount 62.11
Total Project Cost** 350.00

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of June 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Apr 20, 2020 IBRD-89590 Loan Disb 500,000.00
Apr 20, 2020 IBRD-89590 Fee Charges 500,000.00
Nov 1, 2020 IBRD-89590 Int Charges 496.53
Nov 1, 2020 IBRD-89590 Int Charges 250,737.70
Nov 1, 2020 IBRD-89590 Int Charges 5,596.68
Nov 1, 2020 IBRD-89590 Int Charges 53,241.11
Dec 15, 2020 IBRD-89590 Loan Disb 16,922,706.00
Jun 28, 2021 IBRD-89590 Loan Disb 6,368,759.00
May 1, 2021 IBRD-89590 Int Charges 230,958.42
May 1, 2021 IBRD-89590 Int Charges 109,739.26
Apr 6, 2021 IBRD-89590 Loan Disb 1,547,891.80
Nov 1, 2021 IBRD-89590 Int Charges 1,497.84
Nov 1, 2021 IBRD-89590 Int Charges 220,568.92
Nov 1, 2023 IBRD-89590 Int Charges 206,556.86
Nov 1, 2023 IBRD-89590 Int Charges 15,520.12
Sep 7, 2021 IBRD-89590 Loan Disb 5,525,152.00
Nov 1, 2023 IBRD-89590 Int Charges 1,246,401.50
May 1, 2024 IBRD-89590 Int Charges 6,934.87
May 1, 2024 IBRD-89590 Int Charges 203,940.55
May 1, 2024 IBRD-89590 Int Charges 1,312,710.50
May 21, 2019 IBRD-89590 Loan Commitment 200,000,000.00
Nov 1, 2021 IBRD-89590 Int Charges 265.04
Nov 1, 2021 IBRD-89590 Int Charges 195,572.45
May 1, 2022 IBRD-89590 Int Charges 281,892.90
May 1, 2022 IBRD-89590 Int Charges 11,762.18
May 1, 2022 IBRD-89590 Int Charges 2,081.40
May 1, 2022 IBRD-89590 Int Charges 205,039.14
Dec 20, 2021 IBRD-89590 Loan Disb 5,134,928.50
Nov 1, 2022 IBRD-89590 Int Charges 206,685.66
Nov 1, 2022 IBRD-89590 Int Charges 679,162.75
Dec 8, 2022 IBRD-89590 Loan Disb 102,188.14
May 1, 2023 IBRD-89590 Int Charges 30,598.70
May 1, 2023 IBRD-89590 Int Charges 203,214.98
May 1, 2023 IBRD-89590 Int Charges 1,046,965.25

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Monitoring and Evaluation Satisfactory 2024-12-19
Procurement Satisfactory 2024-12-19
Financial Management Satisfactory 2024-12-19
Progress towards achievement of PDO Moderately Unsatisfactory 2024-12-19
Project Management Satisfactory 2024-12-19
Overall Implementation Progress (IP) Unsatisfactory 2024-12-19

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Total private direct mobilization (PDM) of WB loanValue0.00523705933.19800000000.00
    DateApril 30, 2019November 22, 2023June 30, 2025
    Comment
  • Leverage ratio for WB project portfolioValue0.008.407.00
    DateApril 30, 2019November 22, 2023June 30, 2025
    Comment
  • FSC's Green Bond principles certification obtainedValueNoNoYes
    DateApril 30, 2019November 22, 2023June 30, 2025
    Comment
  • Credit rating of FSC obtainedValueNoNoYes
    DateApril 30, 2019November 22, 2023June 30, 2025
    Comment
  • Number of beneficiaries of urban environmental investments (of which percentage are female)Value0220,00020,000,000 (49%)
    DateApril 30, 2019November 22, 2023June 30, 2025
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Own capital provided by institutional investors to set up the facility paid down (RMB)Value0.002000000000.002000000000.00
    DateApril 30, 2019November 22, 2023June 30, 2025
    Comment
  • FSC's shadow rating obtainedValueNoNoYes
    DateApril 30, 2019November 22, 2023June 30, 2025
    Comment
  • Number of potential borrowers that access TA services of FSCValue0.004.0010.00
    DateApril 30, 2019November 22, 2023June 30, 2025
    Comment
  • Number of Yangtze River Delta Region LGs benefitting from FSC investment (WB/KfW) portfolioValue0.009.008.00
    DateApril 30, 2019November 22, 2023June 30, 2025
    Comment
  • Maintainance of FSC's leverage ratio below 5:1ValueNoYesYes
    DateApril 30, 2019November 22, 2023June 30, 2025
    Comment
  • Total volume of lending of WB/KfW loan subprojects portfolioValue0.00902121762.971500000000.00
    DateApril 30, 2019November 22, 2023June 30, 2025
    Comment
  • Average loan tenor of subprojects portfolio (years)Value1-2158-15
    DateApril 30, 2019November 22, 2023June 30, 2025
    Comment
  • Concentration of total loan portfolio in three key environmental sectors (water supply, wastewater and waste)Value0.00100.0090.00
    DateApril 30, 2019November 22, 2023June 30, 2025
    Comment