Project ID: 38693

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

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-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

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2013-11-01

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

Download the dataset

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%

Bilateral loan

Investment project loan