China - Henan Agricultural Development Project

Document of The World Bank FOR OFFICIAL USE ONLY 2 .g Z_ - C -t Report No. 9041-CHA STAFF APPRAISAL REPORT CHINA HENAN AGRICULTURAL DEVELOPMENT PROJECT APRIL 16, 1991 Agriculture Operations Division Country Department III Asia Regional Office This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  CURRENCY EOUIVALENTS (As of February 1991) Currency Unit - Yuan (Y) US$1.00 - Y5.22 Y1.00 - US$0.192 FISCAL YEAR January 1 to December 31 WEIGHTS AND MIEASURES 1 meter (m) - 3.28 feet (ft) 1 kilometer (km) - 0.62 miles 1 hectare - 15 mu 1 ton (t) - 1,000 kg - 2,205 pounds 1 kg - 2.2 pounds PRINCIPAL ABBREVIATIONS AND ACkONYMS USED ABC - Agricultural Bank of China APC - Aquatic Products Company BAH - Bureau of Animal Husbandry BF - Bureau of Forestry BOA - Bureau of Agriculture BOF - Bureau of Finance CBPC - County Broiler Production Company CCPG - Central China Power Grid CMIEC - China National Machinery Import and Export Corporation CSC - County Seed Company DAP - Diammonium Phosphate EH - Engineering Headquarters EPB - Environmental Protection Bureau HAAS - Henan Academy of Agricultural Sciences HTAHICC - Henan Tangyin Animal Husbandry Industries & Commercial Corp. HAU - Henan Agricultural University HPAPRI - Henan Provincial Aquatic Product Research Institute IFAD - International Fund for Agricultural Development ICID - International Commission for Irrigation and Drainage MOF - Ministry of Finance MWR - Ministry of Water Resources NCPAP - North China Plain Agriculture Project PEPB - Provincial Environmental Protection Bureau PCBC - People's Construction Bank of China PPMO - Provincial Project Management Office PMO - Project Management Office PLG - Project Leading Group PSA - Provincial Seed Administration SOE - Statement of Expenditure SMC - Supply and Marketing Corporation SMS - Subject Matter Specialist TSP - Triple Superphosphate WCB - Water Conservancy Bureau YRCC - Yellow River Conservancy Commission YRDS - Yellow River Divetsion Scheme  FOR OFmFCIAL USE ONLY HEN~AN AGRICULTURAL DErVELOPMENT PROJECT Zredit and Project SummarX Borrower: People's Republic of China BeneficI&ar: Henan Province SDR 81.4 million (US$110 million equivalent) Terms: Standard, with 35 years maturity On-LendinF Term:s From Government to Henan Province: 15 years, including five years of grace, with interest at 5.5% per annum. The foreign exchange risk would be borne by Honan Provincial Government. On-lending rates to farmers would be no less than Agricutural Bank of China charges for subloans for similar purposes with similar maturities and on-londi