World Bank/GEF Partnership Investment Fund for Pollution Reduction in the Large Marine Ecosystems of East Asia (Tranche 1 of 3 tranches)
The objective of this proposed World Bank/GEF East Asia Land-Based Pollution Reduction Investment Fund Project (the Partnership Fund) is to reduce local, national and trans-boundary degradation of East Asia’s marine ecosystems due to land-based pollution. It would help implement the action plans that are emerging from the GEF-supported planning efforts for the South China Sea and the Yellow Sea Large Marine Ecosystems, and the national and local commitments facilitated by the GEF/UNDP/IMO PEMSEA Project (Partnerships for Environmental Management of the Seas of East Asia). Its strategic objective would be to help address the three major gaps in ongoing regional land-based pollution control efforts, which are concentrated in a few large cities and in publicly-owned and managed waste-water treatment facilities.
These gaps are:
The project’s development goal would be to promote sustainable development of the coastal areas of the East Asia region by reducing land-based pollution of its rivers and seas. Its global environment goal would be to promote the environmental sustainability of several of East Asia’s large marine ecosystems by reducing land-based pollution of them. The Partnership would establish a World Bank-implemented, GEF-financed Investment Fund to Address Land-Based Pollution of the Large Marine Ecosystems of East Asia, the first five-year phase of which would be capitalized with $70-80 million of GEF resources.
The Fund would co-finance:
It would be loosely modeled on the World Bank/GEF Nutrient Reduction Investment Fund for the Danube/Black Sea Basin, which was established in 2002 and has catalyzed over $400 million worth of anti-pollution measures."
|Project Website URL:||http://www.pemsea.org|
|Project Status||Council Approved|
Nov 08, 2005 12:00 AM
|Focal Area||International Waters|
|GEF Allocation to project||20.70M US$|
|Total Cost of the project:||507.50M US$|
|Lead Implementing Agency||International Bank for Reconstruction and Development (WB)|