Project ID: 33275

China Eximbank provides $27 million export buyer's credit loan for Supply of 100 Railway Passenger Carriages Project

Commitment amount

$ 42281387.53

Constant 2017 USD

Summary

Funding agency [Type]

Export-Import Bank of China [State-owned Policy Bank]

Recipient

Sri Lanka

Sector

Transport and storage (Code: 210)

Flow type

Export Buyer's Credit

Concessional

Vague

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2007

Completion

2008

2008-01-31

Actual

Description

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.

Additional details

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

7

Number of unofficial sources

5

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Sri Lanka [Government Agency]

Implementing agencies [Type]

China National Machinery and Equipment Import & Export Corporation [State-owned Company]

Loan type

Some Information

Interest rate

2.0%

Gurarantee provided

No

Insurance provided

No