Project ID: 40111

China Eximbank provides $28.5 million preferential buyer's credit to faciliate the acquistion of dredgers (linked to #70581)

Commitment amount

$ 35051585.168226406

Adjusted commitment amount

$ 35051585.17

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

Central government debt

Infrastructure

No

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-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: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2011-04-19

Geography

Description

On April 19, 2011, China Eximbank and the Government of Uzbekistan signed a $28.5 million preferential buyer's credit (PBC) loan agreement to facilitate the acquisition of dredgers. The PBC carries the following terms: 20 year maturity, 5 year grace period, and 2% interest rate. The loan proceeds were to be used to purchase 30 dredgers to clean the banks of Amudarya River and its channels. This project is Phase I of the Amudarya River clean-up. Phase II of the project is recorded in project #70581.

Number of official sources

1

Number of total sources

4

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Uzbekistan [Government Agency]

Loan Details

Maturity

20 years

Interest rate

2.0%

Grace period

5 years

Grant element (OECD Grant-Equiv)

39.0747%

Bilateral loan

Export buyer's credit

Investment project loan

Preferential Buyer's Credit