Project ID: 42221

China EXIM Bank to Make $10 Billion USD Bulgarian Infrastructure Investment

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Bulgaria

Sector

Other multisector (Code: 430)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

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: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2014-05-05

Description

On May 5, 2014, it was announced that China would build roads in Bulgaria under a $10 billion USD program. Bulgaria was to be included in the $10 billion USD project of China Eximbank to finance infrastructure projects in Central and Eastern Europe, after the institution signed a cooperation agreement with the Bulgarian Development Bank. The agreement will allow for joint projects in sectors such as electronics, engineering, agriculture, food processing, automotives, according to Dimitrov. No official sources corroborate the loan deal, give specifics, or elaborate upon the status of the project.

Number of official sources

0

Number of total sources

1

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Bulgaria [Government Agency]

Loan Details

Bilateral loan

Investment project loan