Overview

China Eximbank provides $28.5 million preferential buyer's credit to facilitate the acquisition of dredgers (Linked to Record ID#70581)

Commitments (Constant USD, 2023)$32,390,169

Commitment Year•2011Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanSector•Water Supply And SanitationFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Apr 19, 2011

First repayment (originally scheduled): Dec 31, 2015

Last repayment (originally scheduled): Dec 27, 2030

Geospatial footprint

Map overview

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China Eximbank provides $28.5 million preferential buyer's credit to facilitate the acquisition of dredgers which will be used in Karakalpakstan and Khorezm regions. More detailed locational information can be found at: https://www.openstreetmap.org/relation/196242 and https://www.openstreetmap.org/relation/196241

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

Government of Uzbekistan

Loan desecription

China Eximbank provides $28.5 million preferential buyer's credit to facilitate the acquisition of dredgers

Grace period•5 yearsGrant element•53.1012%Interest rate (t₀)•2%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

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 Record ID#70581.