China pledge to help build 2 transmission lines for the Rampal power station in Bangladesh
Pledged amount
$ 268021484.8003048
Adjusted pledged amount
$ 268021484.8003048
Constant 2021 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.
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Bangladesh
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
In November 2013, China pledged to help build 2 transmission lines for Rampal power station. The project is expected to cost 264 million dollars in total, and China EXIM Bank is funding 90% of it.
Additional details
It appears as if China had to cancel the funding for the project, as the project wiki states that it was funded by India and Bangladesh. This was also after other funding countries declined to fund the project. However, there is not substantial support to show such cancellation.
Number of official sources
1
Number of total sources
2
Details
Cofinanced
Yes
Direct receiving agencies [Type]
Government of Bangladesh [Government Agency]
Loan Details
Maturity
15 years
Interest rate
2.5%
Grace period
5 years
Grant element (OECD Grant-Equiv)
40.3214%