China Eximbank pledges $400 million buyer's credit agreement with Thai Ministry of Finance
Constant 2017 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Funding agency [Type]
Export-Import Bank of China [State-owned Policy Bank]
Transport and storage (Code: 210)
Export Buyer's Credit
On October 22, 2007, the Thai Cabinet gave approval for the Thai Ministry of Finance to enter into a preferential export buyer's credit agreement worth $400 million with the Export-Import Bank of China. China will offer preferential buyers credits to Thailand's finance ministry as well as other institutions with no less than 50% import content from China. The loans have a 3% interest rate, five year grace period, and 15 year maturity.Though it is unclear what exactly this loan was used for, it may have been used to finance rail transportation infrastructure (see 'ชงครม.ทุ่ม1.3หมื่นล.โละหัวรถจักรเก่า' and 'China to finance Thailand's basic infrastructure development').
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Thailand Ministry of Finance [Government Agency]