Overview

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

Commitments (Constant USD, 2023)$8,155,158

Commitment Year•2003Country of Activity•TurkmenistanDirect Recipient Country of Incorporation•TurkmenistanSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 26, 2003

Last repayment (originally scheduled): Dec 27, 2022

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

Government Agencies

China Ministry of Commerce

Receiving agencies

Government Agencies

Government of Turkmenistan

Implementing agencies

Government Agencies

Government of Turkmenistan

State-owned companies

Turkmengaz

Loan description

Chinese Government provides RMB 30 million interest-free loan for mechanical plant

Grant element•55.0179%Interest rate (t₀)•0%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

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 Record 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.