Chinese government provides RMB 30 million interest-free loan for the acquistion and installation of household gas meters (linked to #72133)
Commitment amount
$ 9113782.005103817
Adjusted commitment amount
$ 9113782.01
Constant 2021 USD
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Uzbekistan
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
On April 11, 2001, the Chinese Government signed an RMB 30 million interest-free loan agreement with the National Bank for Foreign Economic Affairs of Uzbekistan for the acquisition and installation of household gas meters. The reported terms of this loan were as follows: 0% interest, maturity of 20 years and grace period of 10 years. The National Bank for Foreign Economic Affairs of Uzbekistan then used the proceeds from this loan to on-lend (through a subsidiary loan agreement) to the Boskommungaz Enterprise («Бошкоммунгаз» агентства) of the Uzkommunkhizmat Agency («Узкоммунхизмат»). This project is linked to #72133, a 99 million RMB loan for the acquisition and installation of gas meters in 2003.
Number of official sources
1
Number of total sources
2
Details
Cofinanced
No
Direct receiving agencies [Type]
National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) [State-owned Bank]
Indirect receiving agencies [Type]
Boskommungaz Enterprise («Бошкоммунгаз» агентства) of the Uzkommunkhizmat Agency («Узкоммунхизмат») [State-owned Company]
Implementing agencies [Type]
Uzsuvenergo [State-owned Company]
Loan Details
Maturity
20 years
Interest rate
0.0%
Grace period
10 years
Grant element (OECD Grant-Equiv)
62.9902%