China EXIM Bank to Make $10 Billion USD Bulgarian Infrastructure Investment
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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
Project lifecycle
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
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Bulgaria [Government Agency]