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Overview

China Eximbank provide $350 million loan for Kamchiq Tunnel in the Angren-Pap Railway

Commitments (Constant USD, 2023)$361,889,952
Commitment Year•2013Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Nov 30, 2013
Start (actual)
Jul 29, 2013
End (planned)
Dec 31, 2017
End (actual)
Jun 22, 2016
First repayment (originally scheduled)
Nov 29, 2018
Last repayment (originally scheduled)
Nov 25, 2033

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The 19.2 km, Kamchiq railway tunnel (Qamchiq tunneli or Камчикский тоннель) goes through the Qurama Mountains along the 169 km Angren-Pap railway line. More detailed locational information can be found at https://www.openstreetmap.org/way/385539420 and https://en.wikipedia.org/wiki/File:Kamchiq_Tunnel.png

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

State-owned Banks

  • National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)

Implementing agencies

State-owned Banks

  • National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)

State-owned companies

  • China Railway Group Limited (CREC)

Loan desecription

China Eximbank provide $350 million loan for Kamchiq Tunnel in the Angren-Pap Railway

Grace period•5 yearsGrant element•51.3908%Interest rate (t₀)•2.25%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

On November 30, 2013, China Eximbank and National Bank of Uzbekistan signed a loan agreement worth $350 million for the construction of the 19.2 km Kamchiq railway tunnel linking the Central Asian nation’s populous Ferghana Valley with the rest of the country. The terms of the China Eximbank loan were as follows: 20 year maturity, 5 year grace period, and an interest rate of 2.25%. This tunnel is part of the Angren-Pap railway line. Uzbekistan Railways State Joint-Stock Railway Company signed a contract with China Railway Tunnel Group Co Ltd. to construct the tunnel. The tunnel, with a total project cost of $455 million, seeks to connect the Qamchiq pass and Ferghana Valley as part of the electrified Angren-Pap railway. Construction began on July 29, 2013 and the excavation works were finished on February 27, 2016. The tunnel was opened for traffic on June 22, 2016.

Staff comments

1. The tunnel is sometimes also spelled Kamchik.