Project ID: 40169

Chinese Government provides RMB 30 million interest-free loan for mechanical plant (Linked to Project ID#40168)

Commitment amount

$ 8829412.018074397

Adjusted commitment amount

$ 8829412.02

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Turkmenistan

Sector

Energy (Code: 230)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-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

2003-12-26

Description

On December 26, 2003, the Chinese Government and the Government of Turkmenistan signed an agreement for an interest free loan worth RMB 30 million ($3.6 million) and a grant agreement worth RMB 15 million (captured via Project ID#40168). The loan had a maturity of 20 years. The funding was to be used by Turkmengaz to purchase equipment and spare parts to support the repair of a mechanical plant. The implementation status of the project is unknown.

Number of official sources

2

Number of total sources

9

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Turkmenistan [Government Agency]

Implementing agencies [Type]

Government of Turkmenistan [Government Agency]

Turkmengaz [State-owned Company]

Loan Details

Maturity

20 years

Interest rate

0.0%

Grant element (OECD Grant-Equiv)

44.9938%

Bilateral loan

Interest-free loan

Investment project loan