Cases
Hylands Assists Two Projects of Over RMB 10 Billion in Chongqing and Wuhan to Be Included in the Second Batch of National EOD Model Pilot Projects
2022-05-17
Recently, among the list of the second batch of ecological environment-oriented development (EOD) pilot projects announced on the official website of the Ministry of Ecology and Environment of the People' s Republic of China, the ecological construction and eco-industrialization EOD project around Jinyun Mountain in Beibei District, Chongqing (with an investment of RMB 17.2 billion) and the ecological management EOD project around Lu Lake in Jiangxia District, Wuhan (with a total investment of RMB 17.7 billion), for which Haixiang SHEN and Luping LENG have provided special legal services, have been listed.
The Ministry of Ecology and Environment, the National Development and Reform Commission and the National Development Bank jointly issued the Notice on Approval of the Second Batch of Ecologically Oriented Development (EOD) Model Pilot Projects, announcing the list of 58 pilot projects under EOD model. For eligible pilot projects, the National Development Bank, in accordance with the principles of precise policy, market-oriented operation and risk control, will leverage the advantages of development finance in large amounts of medium- and long-term funds, take into account the economic and environmental benefits, optimize the allocation of resources and increase support.The team of Partner Haixiang SHEN from Hylands Shanghai Office has long been providing legal services for government procurement, large-scale infrastructure construction and government-social capital cooperation projects.
The Ecology-Oriented Development (EOD) model involved in this legal service project features the concept of ecological civilization as the leader, ecological resource protection and environmental management as the basis, comprehensive regional development as the carrier, and adopts industrial chain extension, joint operation and combined development, etc., so as to introduce an innovative financial model and shift the debt-based development approach of the government. It falls within the field of innovative legal practices, and the assistance of Hylands team will provide reference and exploration for the risk control management and legal consultation of such projects.
The Ministry of Ecology and Environment, the National Development and Reform Commission and the National Development Bank jointly issued the Notice on Approval of the Second Batch of Ecologically Oriented Development (EOD) Model Pilot Projects, announcing the list of 58 pilot projects under EOD model. For eligible pilot projects, the National Development Bank, in accordance with the principles of precise policy, market-oriented operation and risk control, will leverage the advantages of development finance in large amounts of medium- and long-term funds, take into account the economic and environmental benefits, optimize the allocation of resources and increase support.The team of Partner Haixiang SHEN from Hylands Shanghai Office has long been providing legal services for government procurement, large-scale infrastructure construction and government-social capital cooperation projects.
The Ecology-Oriented Development (EOD) model involved in this legal service project features the concept of ecological civilization as the leader, ecological resource protection and environmental management as the basis, comprehensive regional development as the carrier, and adopts industrial chain extension, joint operation and combined development, etc., so as to introduce an innovative financial model and shift the debt-based development approach of the government. It falls within the field of innovative legal practices, and the assistance of Hylands team will provide reference and exploration for the risk control management and legal consultation of such projects.