China: Elimination of CFC-12 in manufacturing of EPE foam packaging nets at 30 enterprises (terminal umbrella project) (UNIDO)
(UNEP/OzL.Pro/ExCom/36/26, UNEP/OzL.Pro/ExCom/36/26/Add.1, and UNEP/OzL.Pro/ExCom/36/26/Add.1/Corr.1, pages 3-7)
Having considered the recommendation of the Sub-Committee on Project Review (UNEP/OzL.Pro/ExCom/36/16, para. 70), the Executive Committee decided:
(a) To approve the project in principle at a cost of US $4,325,709;
(b) Also to approve funding of US $1,525,648 for the first tranche of the project and US $171,352 as agency support costs, against UNIDO’s 2001 business plan;
(c) That the final payment of the grant would be released based on confirmation by UNIDO that:
(i) CFC phase-out targets in the two previously approved umbrella EPE projects had been met;
(ii) relevant project implementation milestones of the approved EPS umbrella projects had been met;
(d) To note that a total of 849.27 ODP tonnes of CFC should be counted against the remaining fundable CFC consumption in China.