Project ID: 34225

China Eximbank provides $64 million preferential buyer’s credit for Phase 1 of the Padma (Jashaldia) Water Treatment Plant Project (Linked to Project ID#38967)

Commitment amount

$ 62186359.69

Constant 2017 USD

Summary

Funding agency [Type]

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

Recipient

Bangladesh

Sector

Water supply and sanitation (Code: 140)

Flow type

Export Buyer's Credit

Concessional

Yes

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

2013

Completion

2019

2016-06-01

Planned

2019-10-10

Actual

Geography

Description

On May 7, 2013, China Eximbank signed an RMB 1.475 billion government concessional loan (GCL) and a $64 million preferential buyer’s credit (PBC) for Phase 1 of the Padma (Jashaldia) Water Treatment Plant Project. The GCL and the PBC carry the following terms: 2% interest rate, 20-year maturity, grace period of 5 years, 0.2% commitment fee, and 0.2% management fee. Project ID#38967 captures the GCL, while Project ID#34225 captures the PBC. The Government of Bangladesh’s loan identification number for the GCL is L1120130507a. The Government of Bangladesh’s loan identification number for the PBC is B1120130507a. The Dhaka Water and Sewage Authority (DWSA) contracted CAMC Engineering Co. to construct the plant. Construction began in January 2013 and was originally expected to be complete by June 2016. However, the project encountered various delays and it was not completed until October 10, 2019. The inauguration ceremony for the plant was held on October 11, 2019. The water treatment plant is located in Jashaldia within the Louhajang subdistrict (upazila) and the Mushiganj district. The plant will reportedly produce 450 million liters of water per day. Water from one of the country's mighty Padma River will be treated at the plant for millions of Dhaka dwellers.

Number of official sources

12

Number of unofficial sources

9

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Bangladesh [Government Agency]

Implementing agencies [Type]

China CAMC Engineering Co., Ltd. (CAMCE) [State-owned Company]; Dhaka Water Supply and Sewerage Authority (DWASA) [Government Agency]; Government of Bangladesh [Government Agency]

Loan type

Concessional

Maturity

20 years

Interest rate

2.0%

Grace period

5 years

Grant element

53.10116182%

Gurarantee provided

No

Insurance provided

No