China Eximbank provides $49 million preferential buyer’s credit for First Stage of Phase 1 of the Dushanbe-Dangara Road Reconstruction Project (Linked to Project ID#53750, #40440)

On August 18, 2009, the Ministry of Finance of the Republic of Tajikistan and the Export-Import Bank of China signed a $49,000,000 preferential buyer’s credit (PBC) loan for the First Stage of the Phase 1 of the Dushanbe-Dangara Road Reconstruction Project. The loan had a maturity period of 20 years, a grace period of 5 years, and an interest rate of 2%. The total project cost was $51,578,000, including a $2,578,000 contribution from the Government of Tajikistan. China Road and Bridge Corporation (CRBC) was the contractor responsible for project implementation. Construction began on August 30, 2009 after a grand commencement ceremony held on the same day and the project was completed (after passing final inspection) on October 30, 2013. This project supported the reconstruction of a 57.8 km road segment along the 147.64 km Dushanbe-Vahdat-Dangara section of the Dushanbe-Kulma highway (which is also known as the Tajikistan-China highway). It also involved the construction of new sections of road to bypass settlements and bridges. More detailed locational information can be found at https://reconnectingasia.csis.org/database/projects/carec-dushanbekulma-road-dushanbe-dangara-section-phase-2/9d21c81e-6931-4df6-9dd4-650c86518ecb/.

Additional details

This project is linked to the China Eximbank-financed Second Stage and China Eximbank-financed Third Stage of Phase 1 of the Dushanbe-Dangara Road Reconstruction Project (see Project ID#53750, #40440). China Eximbank reportedly provided $243.4 million of debt financing in total for all three stages of Phase 1. The Russian project title for Stage 1 of Phase 1 is Реконструкция 1-го этапа 1 фазы автодороги Душанбе-Кульма (Таджикистан - граница Китая) на участке «Душанбе-Дангара». The Chinese project title is 塔中公路一期(杜尚别—丹卡拉段)道路修复改造项目.

Number of official sources

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