China Eximbank provides $27 million export buyer's credit loan for Supply of 100 Railway Passenger Carriages Project
Constant 2017 USD
Funding agency [Type]
Export-Import Bank of China [State-owned Policy Bank]
Transport and storage (Code: 210)
Export Buyer's Credit
On May 15, 2007, China Eximbank and the Government of Sri Lanka signed a $27,078,543 buyer's credit loan agreement for the Supply of 100 Railway Passenger Carriages Project. This purpose of the project was to supply of 100 railway passenger carriages to Sri Lanka Railways. This loan carried a 2% interest rate, but its maturity and grace period are unknown. China National Machinery Import and Export Corporation (CMC) was responsible for supplying the passenger carriages. This project was successfully completed on January 31, 2008.
In 2007, the Chinese Government also committed a loan for the provision of 15 diesel multiple units (see Project ID #33260), and it committed another loan in 2010 for the provision of an additional 13 diesel multiple units (see Project ID #49343).
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Sri Lanka [Government Agency]
Implementing agencies [Type]
China National Machinery and Equipment Import & Export Corporation [State-owned Company]