China Eximbank provides $44.97 million loan for construction of water pipeline for the cities of Fergana, Margilan, and Andizhan
Commitment amount
$ 68560628.91004881
Adjusted commitment amount
$ 68560628.91
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Uzbekistan
Sector
Water supply and sanitation (Code: 140)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Geography
Description
In November 2007, China Eximbank and the National Bank for Foreign Economic Activity of Uzbekistan signed a loan agreement worth $44.97 million for the construction of a water pipeline in Uzbekistan. The terms of the loan were as follows: 20 year maturity, 5 year grace period, and 2% interest rate. The purpose of the project is to construct the improvement of potable water supply at 100,000 cubic meters per day, a number of booster pump stations, and a big-caliber 120-km water transmission pipeline for the Uzbek cities of Fergana, Margilan, and Andizhan. China National Chemical Engineering Co., Ltd., was the contractor responsible for project implementation. Construction was completed on November 30, 2011.
Additional details
The Russian name of this project is "Коренное улучшение водоснабжения городов Ферганы, Маргилана и прилегающих к водоводу населенных пунктов". Some sources refer to this project as an inter-regional water supply project.
Number of official sources
6
Number of total sources
9
Details
Cofinanced
No
Direct receiving agencies [Type]
National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) [State-owned Bank]
Implementing agencies [Type]
China National Chemical Engineering Corporation (CNCEC) [State-owned Company]
National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) [State-owned Bank]
Loan Details
Maturity
20 years
Interest rate
2.0%
Grace period
5 years
Grant element (OECD Grant-Equiv)
48.97%